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Vrtx raises USD 3.6m pre-seed from Standard Chartered, six others

The Saudi embedded fintech platform closed the round ahead of its commercial launch.

Intersecting white architectural tubes against grey sky in close-up view.Photograph by Jan van der Wolf on Pexels

Vrtx, a Saudi Arabia-based embedded fintech platform, raised USD 3.6 million in a pre-seed funding round. The round was backed by SC Ventures by Standard Chartered, Sadu Capital, BYLD, Suhail Ventures, F6 Ventures, TAZ Investment and Palm Ventures. The company closed the round ahead of its commercial launch.

Seven investors in the round#

SC Ventures by Standard Chartered participated as an investor in the pre-seed round. Sadu Capital, BYLD, Suhail Ventures, F6 Ventures, TAZ Investment and Palm Ventures also backed the round. The round structure was pre-seed. The total raised was USD 3.6 million. The company is based in Saudi Arabia and operates as an embedded fintech platform.

Embedded fintech platform ahead of commercial launch#

Vrtx operates as an embedded fintech platform. The company is based in Saudi Arabia. The platform has not yet launched commercially. The company raised the USD 3.6 million ahead of its commercial launch. SC Ventures by Standard Chartered was among the seven investors in the round. The round was structured as pre-seed funding.

Pre-seed round totalled USD 3.6 million#

The round totalled USD 3.6 million. The round was structured as pre-seed funding. SC Ventures by Standard Chartered, Sadu Capital, BYLD, Suhail Ventures, F6 Ventures, TAZ Investment and Palm Ventures backed the round. The company operates an embedded fintech platform. The company is based in Saudi Arabia. The platform will launch commercially following the close of the pre-seed round.

Standard Chartered venture arm among backers#

SC Ventures by Standard Chartered participated in the USD 3.6 million pre-seed round. Sadu Capital, BYLD, Suhail Ventures, F6 Ventures, TAZ Investment and Palm Ventures were the other six investors. The company raised the funding ahead of its commercial launch. Vrtx operates as an embedded fintech platform based in Saudi Arabia.

Sources1 source across 1 domain

  1. forbesmiddleeast.comForbes Middle EastVrtx raised USD 3.6 million in pre-seed funding from SC Ventures by Standard Chartered, Sadu Capital, BYLD, Suhail Ventures, F6 Ventures, TAZ Investment and Palm Ventures ahead of commercial launch

Each source above carries the claim it supports. Links open the publisher's own page; their text is not reproduced here beyond what the claim requires, and their rights remain theirs.

Filed undervrtxpre-seed fundingsaudi fintechsc venturesembedded fintechstandard chartered

Startup Arabia is published by Arabian Media Network. Pieces are produced by the Cap Table Desk with AI-assisted synthesis of the cited sources and automated verification against the network's editorial policy. Every piece carries a desk rather than a reporter. Corrections are recorded on the piece and on the corrections page.

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