Strengthening Saudi Arabia’s Fintech and Digital Solutions Market
Saudi-based technology services provider T2 has acquired a majority stake in Moola, a fintech startup specializing in corporate expense management. This strategic move will allow T2 to enter the financial technology sector, expanding its portfolio beyond its core R&D and business intelligence solutions.
T2’s Expansion into Fintech
T2 has built a strong reputation in business development and software solutions, serving over 12,000 clients. The company focuses on intelligent software solutions, AI-driven insights, and business intelligence tools, helping organizations streamline operations.
The acquisition of Moola will enable T2 to:
- Expand its service offerings to include financial technology solutions
- Integrate expense management tools into its existing platforms
- Support businesses in managing finances more efficiently
💬 T2 Spokesperson:
“Moola provides a comprehensive expense management platform that will help us expand into the financial services sector. This acquisition aligns with our strategy to acquire exceptional tech products and offer innovative solutions to our clients.”
Moola’s Role in Financial Automation
Founded in 2022 by Waseem Hammoud, Moola offers corporate expense management solutions, including:
- Business expense tracking
- Automated financial processes
- Corporate business cards for seamless transactions
The platform is designed to bring transparency and efficiency to financial management, catering to businesses of all sizes.
💬 Waseem Hammoud, Founder & CEO of Moola:
“We are excited to partner with T2 as we take Moola to new heights. This acquisition will allow us to enhance our services, support more businesses in optimizing their financial operations, and strengthen our position as a leading expense management platform in Saudi Arabia.”
Strengthening Saudi Arabia’s Digital Economy
With Saudi Vision 2030 driving digital transformation and fintech innovation, T2’s acquisition of Moola positions the company as a key player in the Kingdom’s evolving tech landscape.
By integrating fintech solutions into its portfolio, T2 aims to become Saudi Arabia’s leading innovation hub, empowering businesses with cutting-edge digital solutions.
