A program by Fintech Saudi with the support of the Saudi Central Bank and the Capital Market Authority.
The program aims to empower entrepreneurs and startups in the fintech industry by providing subsidized support for technology, cloud, and cybersecurity.
These strategic steps of the program come as part of Fintech Saudi’s participation in achieving the strategic goals of Fintech Strategy within FSDP and Vision 2030 to support Saudi Arabia in becoming a global fintech hub and an attractive destination for innovators and investors to launch their companies in an environment that encourages fintech growth.
Makken is tailored just for your fintech company if you are:
A Saudi Arabian registered company (including registration with ZATCA, GOSI, CoC)
Must fall under the regulatory scope of SAMA or CMA directly or via Regulatory Sandbox or Fintech Lab
Have not raised more than 10 SAR million in funding
Majority Saudi-owned company (More than 51% owned by Saudi National/Entity)
Greenfield FinTechs aim to launch their new innovation or business proposition in the Kingdom
Proposed focus areas of innovation must be consistent and aligned with FinTech Strategy, which is part of the Financial Sector Development Program under Vision 2030
Your innovation and business operation are intended for the KSA market.
with the aim is to provide support and foster development by reducing the costs associated with complying with the highest technical and technological standards. We strive to enable entrepreneurs to focus on developing and enhancing their offered products.
Makken is tailored just for your fintech company if you ar:
Makken provides a range of subsidized services through several partners to enable emerging fintech companies. These services include:
You can apply for Makken program through 5 basic steps:
Makken aims to support early-stage fintech companies by providing subsidized services. Therefore, there are no fees or costs associated with participating in the program itself. There are only the costs associated with service providers’ services that your company may choose to utilize.