Riyadh has become an important market for banks, financial institutions, and fintech startups building new digital products. The companies below cover areas such as digital banking, payments, lending, investment platforms, financial APIs, AI, and custom enterprise software, with a mix of Riyadh-based teams and international developers serving Saudi organizations.
1. Itexus
Itexus builds fintech software for banks, brokers, investment firms, fintech companies, and other financial services organizations. Its work covers digital banking, wallets and payment infrastructure, lending, wealth management, and trading platforms. It also handles onboarding and KYC automation, portfolio analytics, and core banking integration. The team works with Open Banking APIs, broker and exchange integrations, fraud detection, AI, and DevOps, and modernizes existing financial systems. Itexus serves clients across MENA through its international delivery model. Riyadh businesses can hire specialized fintech engineers without limiting the search to local vendors.
Key Facts
- Best for: Complex fintech platforms and regulated financial products
- Core services: Fintech software development, digital banking, payments, lending, trading, wealth management
- Specialization: High-load financial systems and fintech integrations
- Industries: Banking, investment management, payments, lending, financial services
- Market coverage: MENA and international markets
- Notable strength: Fintech competence built across 300+ financial technology projects
Contact Information
- Website: itexus.com
- Email: moc.suxeti@ofni
- Address: 8, The Green, STE road, Dover, DE 19901, United States
- LinkedIn: www.linkedin.com/company/itexus
- Facebook: www.facebook.com/itexus
- Twitter: x.com/ItexusSoft
- Instagram: www.instagram.com/itexus.soft
2. XTech
XTech is a Riyadh company that grew out of KnowledgeNet's Fintech Solutions Division. It builds software and runs managed technology services for fintech and tech startups. Its fintech work includes payment systems, digital wallets, crowdfunding platforms, mobile banking apps, trading platforms, and portfolio management products. It also builds financial compliance workflows. Beyond development, XTech runs mission-critical systems and handles hosting, deployment, and technical support. It also covers transaction processing, settlement, and reconciliation. Founders get a local team that knows Saudi regulatory requirements and business practices, including KYC, AML, financial reporting, and data protection.
Key Facts
- Best for: Saudi fintech startups and financial technology ventures
- Core services: Fintech development, mission-critical systems, managed technical services
- Specialization: Payments, wallets, trading, investment software
- Location: Riyadh, Saudi Arabia
- Notable strength: Local fintech engineering and managed operations
Contact Information
- Website: xtech.sa
- Phone: +966 534 050 110
- Email: as.hcetx@gnitekraM
- Address: 2277 Makkah Al Mukarramah – Al Olaya Dist - Riyadh
- LinkedIn: www.linkedin.com/company/xtechsaudi
- Facebook: www.facebook.com/XTechSaudi
- Twitter: x.com/XTechSaudi
3. FIRST CODE
FIRST CODE is a Riyadh developer of SaaS platforms, AI systems, internal business software, dashboards, automation, and fintech products. Its fintech work covers billing, subscriptions, payments, and wider financial operations. The team also handles API integration, automation, data dashboards, and security assessments. FIRST CODE fits projects where finance features are one part of a larger commercial platform, not a standalone banking app. The company is registered with the Communications, Space and Technology Commission as a technology facility. It works mainly with Saudi and Gulf businesses.
Key Facts
- Best for: SaaS products with integrated fintech functionality
- Core services: Fintech development, SaaS, AI, automation, integrations
- Specialization: Payments, subscriptions, billing, financial operations
- Location: Riyadh, Saudi Arabia
- Notable strength: Software, AI, and fintech services under one development model
Contact Information
- Website: firstcode.sa
- Phone: +966 55 420 8917
- Email: as.edoctsrif@ofni
- Address: Prince Saad Ibn Abdulrahman Al Awal Rd, Ar Rawabi, Riyadh 33336
4. Devsinc
Devsinc has a regional office in Al Khobar and a dedicated banking and fintech practice. That practice builds custom financial software and payment features. The wider company works on application development, cloud, data, AI, and enterprise modernization. Devsinc has published fintech work on AI-driven financial modeling, so its experience goes beyond basic payment gateways. Its office in Al Malqa gives Riyadh companies a local contact, while the engineering work draws on a larger international team.
Key Facts
- Best for: Fintech projects needing a larger engineering organization
- Core services: Banking software, fintech development, AI, cloud, enterprise engineering
- Specialization: Financial platforms and payment integration
- Location: Al Khobar regional office
- Notable strength: Local Saudi presence combined with international delivery capacity
Contact Information
- Website: devsinc.com
- Address: Building No. 7500, Prince Bader Ibn Abdulaziz Street, Al Khubar Ash Shamaliyah District, 34428, Al Khobar, Kingdom of Saudi Arabia
- LinkedIn: www.linkedin.com/company/developers-inc
- Facebook: www.facebook.com/devsinc.official
- Twitter: x.com/devsinc
- Instagram: www.instagram.com/devsinc.official
5. Bytes Technolab
Bytes Technolab has a Riyadh office and a dedicated fintech engineering practice. It builds software for companies developing digital financial products. The company also offers custom software, AI-first products, cloud, and application engineering. A KSA address and a Saudi phone number give Riyadh clients a local point of contact, while the work is done by an international engineering team. This setup suits fintech products that need ongoing development rather than a one-time mobile app build.
Key Facts
- Best for: Fintech businesses seeking local access to an international development team
- Core services: Fintech engineering, custom software, AI, application development
- Specialization: Financial software and digital product engineering
- Location: Riyadh office
- Notable strength: Dedicated fintech practice with KSA presence
Contact Information
- Website: www.bytestechnolab.com
- Phone: +966-595466071
- Email: moc.balonhcetsetyb@olleh
- Address: Office #20, Jarir Street Al-Malaz, Riyadh 11311, Saudi Arabia
- LinkedIn: www.linkedin.com/company/bytes-technolab
- Facebook: www.facebook.com/bytestechnolabofficial
- Twitter: x.com/btechnolab
- Instagram: www.instagram.com/bytestechnolabofficial
6. REDROCK Technologies
REDROCK Technologies is a Riyadh company that builds fintech software for Saudi banks, financial startups, payment providers, and other financial businesses. It develops mobile banking, digital wallets, e-money systems, lending platforms, and merchant tools. It also builds payment integrations, customer dashboards, and connections to core banking or ledger systems. The team supports Saudi payment methods such as Mada, STC Pay, and Apple Pay. Its stack includes Laravel, Node.js, React, Next.js, and Flutter, plus API work, authentication, and custom software architecture.
Key Facts
- Best for: Saudi-focused banking, wallet, and payment projects
- Core services: Mobile banking, wallets, lending, payments, custom financial software
- Specialization: Saudi fintech and payment integrations
- Location: Riyadh, Saudi Arabia
- Notable strength: Local financial software development with Saudi payment ecosystem coverage
Contact Information
- Website: www.redrock.com.sa
- Phone: 0535559735
- Email: as.moc.kcorder@olleh
7. TechGropse
TechGropse has an office in Riyadh and offers custom software development and fintech app development. Its fintech work includes digital wallets, banking apps, payment features, and custom financial software. Its Saudi team also builds enterprise systems, APIs, cloud infrastructure, AI, and mobile apps. TechGropse designs its Saudi projects around local compliance and supports regional payment integrations. The company suits businesses whose fintech product also needs cloud, data, enterprise integration, or mobile development.
Key Facts
- Best for: Mobile-first fintech and wider digital transformation projects
- Core services: Fintech apps, custom software, cloud, AI, mobile development
- Specialization: Wallets and financial mobile applications
- Location: Riyadh, Saudi Arabia
- Notable strength: Saudi office with broad app and software engineering services
Contact Information
- Website: www.techgropse.com
- Phone: +12673274760
- Address: Al Aziziyah, Riyadh 14514, Saudi Arabia
- LinkedIn: www.linkedin.com/company/techgropse
- Facebook: www.facebook.com/techgropse
- Twitter: x.com/techgropse
- Instagram: www.instagram.com/techgropse
8. Appinventiv
Appinventiv builds mobile apps and software for Saudi Arabia, with a dedicated fintech and banking practice. Its Saudi fintech work includes digital wallets, lending apps, investment management platforms, and digital KYC. It also covers encryption, transaction controls, and apps built around SAMA regulatory requirements. On the banking side, the team builds onboarding, payment management, and customer-facing mobile apps. A published Middle East case study describes a financial literacy and money management app, which shows fintech experience beyond generic mobile work.
Key Facts
- Best for: Fintech and banking applications with strong mobile requirements
- Core services: Fintech apps, banking software, wallets, lending, investment platforms
- Specialization: Mobile financial products and digital onboarding
- Market coverage: Saudi Arabia and the wider Middle East
- Notable strength: Fintech development aligned with Saudi regulatory considerations
Contact Information
- Website: appinventiv.com
- Phone: +1-404-563-1172
- Email: moc.vitnevnippa@ofni
- Address: 79 Madison Ave, Manhattan, New York, NY 10001, USA
- LinkedIn: www.linkedin.com/company/appinventiv
- Twitter: x.com/appinventiv
- Instagram: www.instagram.com/appinventiv
9. Hyperlink InfoSystem
Hyperlink InfoSystem develops software for companies in Riyadh and runs a separate fintech engineering practice. That practice builds mobile banking, payments, wealth management platforms, and investment and trading apps. It also covers financial management tools, blockchain, and payment gateway integrations. In Riyadh, the company also offers enterprise software, AI, cloud, IoT, and Arabic-language platforms. For Saudi clients, its projects account for local regulatory requirements and test Arabic right-to-left interfaces.
Key Facts
- Best for: Fintech products requiring mobile, web, and emerging technologies
- Core services: Banking apps, trading, payments, wealth management, custom software
- Specialization: Fintech application development
- Market coverage: Riyadh and Saudi Arabia
- Notable strength: Broad fintech feature set combined with enterprise development
Contact Information
- Website: www.hyperlinkinfosystem.com
- Phone: +1 (309)791-4105
- Email: moc.metsysofniknilrepyh@ofni
- Address: One World Trade Center, 285 Fulton St #8500, New York, NY 10007, USA
- LinkedIn: www.linkedin.com/company/hyperlinkinfosystem
- Facebook: www.facebook.com/Hyperlink-infosystem-140449209446270
- Twitter: x.com/hyperlinkinfo
- Instagram: www.instagram.com/hyperlink_infosystem
10. Dev Technosys
Dev Technosys offers fintech development and a mobile app practice that serves Riyadh and other Saudi cities. It builds neobanking products, payment apps, lending and investment platforms, and trading integrations. It also works on fintech and banking APIs, payment gateways, KYC and AML services, fraud detection, and secure financial data exchange. Beyond finance, the team builds mobile, web, blockchain, cloud-native, and AI applications and custom software. One published project is a payment app built with Flutter, Spring Boot, AWS, and Stripe, with tokenized payment data and transaction processing.
Key Facts
- Best for: Fintech products combining mobile applications and backend engineering
- Core services: Fintech apps, APIs, payments, neobanking, blockchain
- Specialization: Payment and financial application development
- Market coverage: Saudi Arabia, including Riyadh
- Notable strength: Broad mobile engineering capability supported by fintech-specific services
Contact Information
- Website: devtechnosys.com
- Phone: +1 4155787849
- Email: moc.sysonhcetved@ofni
- Address: 5668 e 61st Street, Ste. 2000 #360 Commerce, California 90040, USA
- LinkedIn: www.linkedin.com/company/dev-technosys-pvt-ltd
- Facebook: www.facebook.com/devtechnosys
- Twitter: x.com/devtechnosys
- Instagram: www.instagram.com/devtechnosys
Conclusion
Riyadh's fintech development market reflects how quickly Saudi Arabia's financial sector is moving toward digital-first products. The range of available expertise now stretches well beyond standard mobile app development, covering digital banking, payments, lending, investment platforms, open banking integrations, financial APIs, AI-driven tools, and modernization of complex financial systems.
The right development partner ultimately depends on what sits at the center of the project. A payment product has very different technical and regulatory demands from a trading platform or a lending system. Local market knowledge, security practices, integration experience, scalability, and familiarity with Saudi financial requirements can therefore matter just as much as the underlying technology stack.
For businesses building fintech products in Riyadh, the strongest choices are those that can turn financial workflows into reliable software while keeping compliance, user experience, and long-term maintainability in view from the beginning. As the market matures, that balance between fintech knowledge and solid software engineering is becoming increasingly important.