- What
- Subsidised cloud and cybersecurity services for early-stage fintechs.
- Who
- Saudi-registered, majority Saudi-owned fintechs with SAMA or CMA approval, max SAR 10M raised.
- From abroad
- Nationals or residents of Saudi Arabia — Registered in Saudi Arabia with majority Saudi ownership; Approval, permission or licence to operate from SAMA or CMA All programmes open to founders from abroad →
Checked · October 2026 · fintechsaudi.sa · How we check ↗
In detail
Fintech Saudi - Makken is a fintech enablement programme (central-bank initiative) in Saudi Arabia. Fintech Saudi was launched by the Saudi Central Bank in partnership with the Capital Market Authority in April 2018 to develop the fintech industry in Saudi Arabia. Its Makken programme is a one-stop shop for technology enablement: cloud infrastructure set up within 72 hours for new fintechs, managed cloud and cybersecurity services, brand protection and security training, with a subsidy for early-stage fintechs. Fintech Saudi also runs office hours, meetups with the regulators and a regulatory assessment tool; its own accelerator page reads "Coming soon".
- Amount
- Subsidised technology services (in-kind) - subsidy value not published
- Terms
- No equity - subsidised services
- Eligibility
- Registered in Saudi Arabia
- no more than SAR 10 million raised
- majority Saudi ownership
- principle approval, permission or licence to operate from SAMA or CMA
- Sectors
- Fintech
- Benefits
- Cloud setup within 72 hours
- managed cloud services
- 24/7 SOC monitoring and managed cybersecurity
- brand protection
- mobile device management
- cybersecurity training
- Status
- Open - Makken application form live (checked September 2026)
Is this for you?
Where is your company?
Are you open to giving equity?
We match them against what Fintech Saudi - Makken publishes.
A guide to the published criteria, not a decision — the programme selects.
What the source says
“Be registered in Saudi Arabia / Have raised no more than 10M SAR in funding / Have a majority Saudi ownership / Have principle approval, permission to operate, or license to operate from SAMA or CMA”
“Fintech Saudi was launched by the Saudi Central Bank in partnership with the Capital Market Authority in April 2018 to act as a catalyst for the development of the financial services technology (fintech) industry in Saudi Arabia.”
“A program designed to provide a one-stop-shop for technology enablement, supporting fintech companies and the broader fintech ecosystem to accelerate their growth journey”
“Accelerated Cloud Setup: Cloud infrastructure deployment (Inc. Cyber Components) for new FinTechs within 72 hours.”
“Cloud Infrastructure Managed Services: Managing Cloud Computing Products and Services (IaaS, PaaS, SaaS) across global leading Cloud Service Providers in the Kingdom.”
“Cybersecurity Managed Services: Advanced Cybersecurity managed services (EDR, VA, DFIR) and 24/7 SOC monitoring offered by leading service providers.”
Closing soon on the map
No published deadline in the next 30 days · All published deadlines →
Compare support programmes in Saudi Arabia
| Cost | |||
|---|---|---|---|
| Fintech Saudi - MakkenSubsidised cloud and cybersecurity services for early-stage fintechs. | not published | No equity | Open |
| iMENA HoldingCompany builder; raised $135M pre-IPO from Sanabil Investments, FJ Labs and Saygin Yalcin. | not published | Not published | Active |
| ScopeerCMA-permitted equity crowdfunding (FinTech permit): SMEs raise shares or debt from the public. | not published | Equity or debt | Open |
No programmes match these filters.
Highest amount in each programme’s own “What” line. Other currencies converted for sorting only (Gulf pegs; KWD, EUR, GBP approximate).
All support programmes in Saudi Arabia → · Across the Gulf →
More programmes that take no equity →
Questions founders ask
What does Fintech Saudi - Makken offer?
Subsidised cloud and cybersecurity services for early-stage fintechs.
Does Fintech Saudi - Makken take equity?
No equity — subsidised services.
Can founders from abroad apply?
Nationals or residents of Saudi Arabia — Registered in Saudi Arabia with majority Saudi ownership; Approval, permission or licence to operate from SAMA or CMA.
Is there a deadline?
No closing date is published; applications are open.
How do I apply?
Through its own application form — the Apply button on this page goes straight there.
Sources
Primary source · fintechsaudi.sa · LinkedIn · linkedin.com/company/fintech-saudi · Checked October 2026