- 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.
- Cost
- No equity — subsidised services
- 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 →
- Status
- Open · taking applications
Checked · September 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)
What the source says
“Have a majority Saudi ownership”
“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
Cultural Development Fund (CDF)
Finspire
QSTP Incubation
More support programmes in Saudi Arabia
iMENA Holding
All support programmes in Saudi Arabia → · Across the Gulf →
More programmes that take no equity →
Sources
Primary source · fintechsaudi.sa · LinkedIn · linkedin.com/company/fintech-saudi · Checked September 2026