Saudi Arabia’s FinTech sector is gaining serious momentum. In a major move to fuel this growth, Alinma Bank, in collaboration with Falak Investment Hub, has officially launched AmadTech, a specialized accelerator designed to fast-track FinTech startups and digital innovation across the Kingdom.
This initiative directly supports the goals of Saudi Vision 2030, aiming to create a robust, digitally-enabled financial ecosystem led by local talent and groundbreaking technologies.
A Focused Mission: Empowering Startups and Innovation
AmadTech sets its sights on:
- Supporting 20 promising Saudi FinTech startups
- Commercializing 15 registered intellectual properties (IPs)
- Creating real-world, scalable financial solutions from both emerging companies and academic innovation
This accelerator is more than just a training program. It’s a full-scale ecosystem builder, offering startups everything they need to grow, mentorship, funding access, training, and strategic exposure.
Program Highlights
AmadTech is structured around three core tracks, each aimed at unlocking the full potential of Saudi Arabia’s innovation pipeline:
- Startup Acceleration – Selected startups will enter a structured growth program tailored to their business stage, with expert mentorship and market access.
- IP Commercialization – 15 existing FinTech-related IPs will be transformed into real, market-ready solutions with guided support in validation, development, and partnership building.
- University Engagement – AmadTech actively involves students and academic institutions, such as through partnerships with Mawhiba, to connect young talent with real-world innovation challenges.
Building a Future-Ready FinTech Ecosystem
Beyond structured learning and development, AmadTech offers participants:
- ✅ Workshops & Masterclasses – Led by experienced founders, tech leaders, and finance experts
- ✅ Mentorship Sessions – One-on-one guidance from seasoned professionals
- ✅ Industry Exposure – Opportunities to meet and pitch to investors, regulators, and ecosystem players
- ✅ Final Demo Day – A high-visibility event where participants present their solutions to potential backers and partners
The accelerator not only supports innovation but also plays a critical role in connecting talent with real market opportunities.
Backed by Key Players
AmadTech is anchored by some of the most influential organizations in Saudi Arabia’s financial innovation space:
- ✅ Alinma Bank – Driving digital transformation in banking
- ✅ Falak Investment – Supporting startups with capital and strategic expertise
- ✅ Fintech Saudi – Building the national FinTech ecosystem
- ✅ Mawhiba – Cultivating young talent in science and technology
Together, these players provide financial, strategic, and educational support to ensure that the ideas fostered through AmadTech translate into real, scalable businesses.
What’s next for AmadTech?
AmadTech isn’t just another accelerator, it’s a national platform for shaping the future of finance in Saudi Arabia. By nurturing startups, unlocking IP potential, and connecting academic minds with industry needs, the program is helping lay the foundation for a smarter, more agile financial ecosystem.