Fintech Law

Fintech Lawyers in Dammam

Legal advisory for fintech startups and regulatory compliance before SAMA, from sandbox licensing to anti-money-laundering compliance.

Image: a fintech startup team at work
Fintech law covers licensing requirements for fintech companies before the Saudi Central Bank (SAMA), and compliance with e-payment, crowdlending, and customer data protection regulations. This sector is fast-growing in the Kingdom, making precise regulatory compliance from the first moment essential for any fintech startup. The next step is reaching out on WhatsApp.

The Regulatory Sandbox as a First Step

We help startups understand regulatory sandbox requirements before SAMA, a path allowing testing the business model in a limited regulatory environment before moving to full permanent licensing.

Transitioning From Sandbox to Permanent Licensing

We help companies that proved their model's success within the sandbox apply for permanent licensing, including meeting more stringent capital, governance, and technical system requirements.

Compliance With E-Payment Regulations

We help e-payment companies understand and comply with regulations specific to this sector, including requirements for protecting customer funds and separating them from the company's operational funds.

Compliance With Crowdlending Regulations

We help crowdlending platforms understand licensing and compliance requirements specific to this model, including lending amount limits and disclosure requirements for lenders and borrowers.

Anti-Money-Laundering and Counter-Terrorism Financing

Fintech companies are subject to strict customer identity verification and suspicious transaction monitoring obligations, and we help them design internal policies compliant with anti-money-laundering and counter-terrorism financing requirements.

Protecting Customer Financial Data

We help fintech companies design data protection policies compliant with the Personal Data Protection Law, given the sensitivity of financial data these companies specifically handle.

Partnership Contracts With Traditional Banks

We help fintech companies draft and review partnership contracts with traditional banks, which have become a common model for delivering innovative financial services within a compliant regulatory framework.

Raising Capital and Investment in Fintech Companies

We help fintech startups structure capital raising rounds accounting for this sector's specific regulatory requirements, coordinating with our investment and venture capital services.

Consumer Protection in Fintech Services

We help fintech companies design clear consumer protection policies, including full disclosure of fees and risks before the client uses the service.

Managing Regulatory Capital and Reserves

We help licensed fintech companies understand regulatory capital and cash reserve requirements they must maintain based on their activity classification, requirements that differ fundamentally between payment companies, lending companies, and investment platforms.

Acquiring Licensed Fintech Companies

When an investor acquires a stake in a licensed fintech company, we help them understand SAMA's prior approval requirements for this ownership change, a mandatory step often overlooked in fast-moving acquisition deals.

How We Start With You

Send us your startup idea or the regulatory stage you're going through on WhatsApp. We help you understand precise requirements and fully comply before SAMA.

Frequently Asked Questions

Must a company go through the regulatory sandbox first?

In many cases yes — this allows testing the business model before obtaining a more stringent permanent license.

What are fintech companies' anti-money-laundering obligations?

Fintech companies are subject to strict identity verification and transaction monitoring obligations, and we help you design compliant policies.

How do we transition from sandbox to permanent licensing?

We help you meet more stringent capital, governance, and technical system requirements required for permanent licensing.

We're planning to launch a crowdlending platform. What are the most important regulatory requirements?

Lending amount limits and disclosure requirements for lenders and borrowers matter most, and we help you precisely meet them.

Do we need a special policy to protect our customers' financial data?

Yes, we strongly recommend designing a policy compliant with the Personal Data Protection Law given the sensitivity of the financial data you handle.

We want to partner with a traditional bank to deliver our service. Do you review this type of contract?

Yes, we help you draft and review partnership contracts ensuring a compliant regulatory framework for both parties.

We want to invest in an existing licensed fintech company. Do we need prior approval?

Usually yes; an ownership change in a SAMA-licensed company needs prior approval, and we help you meet this condition before completing the deal.

Let's Discuss Your Regulatory Compliance

Reach out on WhatsApp to determine next steps.

Message on WhatsApp
Chat on WhatsApp Message us now on WhatsApp We usually reply within minutes