• Bynow secures USD 1.2M from Merak Capital to expand B2B BNPL solutions and digitize payment workflows across Saudi and MENA.
• The fintech focuses on SMEs, tackling cash flow management challenges with flexible deferred payments and digital-first financial tools.
• Merak Capital bets on scalable fintech platforms that become essential business infrastructure in Saudi Arabia’s rapidly evolving financial ecosystem.

Bynow

Saudi fintech Bynow has raised USD 1.2 million from Merak Capital to transform how businesses manage payments.  

“Beyond deferred payments, Bynow provides the financial flexibility and digital infrastructure that companies need to manage liquidity, modernize workflows, and ultimately grow with confidence,” said Abdulelah Alsharif, Vice President of Venture Capital at Merak Capital.

Payments

Founded in Saudi Arabia, Bynow is a fintech focusing on how businesses manage payments. The company is best known for its flagship Buy Now, Pay Later (BNPL) product for businesses. It allows companies to defer and split payments, easing one of the most pressing challenges SMEs face, managing cash flow.

Up next with the funds, it aims to expand into broader B2B payment solutions. It also  aims to develop products  to digitize and streamline critical workflows such as accounts receivable and payable. Moreover, its goal is to provide digital-first tools that boost efficiency for businesses across Saudi and MENA. 

With Vision 2030 accelerating digital transformation, Bynow aims to modernize B2B payments and support a more resilient business ecosystem. This is important because in MENA most tools in this area are still largely manual. Thus, its focus is to solve this market gap by providing digital first tools. Moreover, with this investment, Merak Capital aims to support fintech platforms that are essential to business operations rather than supporting tools. 

“Deferred payments was our starting point; now we’re building infrastructure-grade rails that digitize receivables and payables end-to-end so businesses can manage cash flow with confidence and transparency,” said Rami Suliman, CEO of Bynow.