• Tasheel launches Now Access, a Saudi fintech firm focused on wage processing, with capital of SAR 10M and SAR 75M investment.
• The company is a joint venture between Tasheel (75%) and NowPay Corp (25%), announced via Tadawul.
• Financial impact expected in Q3 2025, following a January MoU outlining payroll-focused services and pending regulatory approvals.

Now Access

United International Holding’s Tasheel announced the establishment of ‘Now Access.’ This is a fintech company specializing in providing wage processing service in the Kingdom of Saudi Arabia. It is starting with a capital of approximately USD 2.6 million (SAR 10M) and investments up to approximately USD 19.9 million (SAR 75M).

In its announcement on Tadawul in Saudi Arabia, Tasheel detailed that it will hold a 75% stake in the company. Meanwhile, NowPay Corp will hold the remaining 25%. 

Furthermore, the company expects the relevant financial impact to reflect on the company’s results for the third quarter of 2025.

Wage Processing

Previously in January, the United International Holding Company signed a non-binding memorandum of understanding with fintech firm NowPay Corp. The agreement involves establishing a company specialized in wage processing services through financial technology in Saudi Arabia. Moreover, this includes payroll administration and processing services. The MoU also includes injecting  approximately USD 19.9 million (SAR 75M)  initial investment after obtaining the required regulatory approvals.

Bottom Line: With Now Access, Tasheel is betting on the growing demand for digitized payroll solutions in Saudi Arabia’s evolving labor market. The move also signals a deeper push by regional players to localize fintech services that address everyday financial pain points like wage access and salary disbursement.

The move aligns with the Kingdom’s broader push to grow its fintech sector under Vision 2030. Moreover, this includes expanding digital payments, fostering local fintech startups, and attracting international partnerships.