Saudi Arabia-based fintech Bwatech raised $16 million in a funding round led by Sharaka Financial to accelerate growth and expand market presence. Operating within the SAMA’s sandbox, Bwatech aims to strengthen corporate financial efficiency and expand its role in the Kingdom’s digital financial infrastructure. Press release:Bwatech, a Saudi fintech company specialising in corporate financial solutions, has raised $16 million (SAR 60 million) in a funding round led by Sharaka Financial. The funding will accelerate Bwatech’s growth and expand its presence in the Saudi market, strengthening its position as a leading provider of fintech solutions that enhance corporate and banking efficiency. Operating under the SAMA’s regulatory sandbox, Bwatech is building the infrastructure for more efficient corporate financial management.