A fintech accelerator launched by Falak Investment and Alinma Bank in 2025. It runs 12 weeks for early-stage Saudi startups, and its first cohort had 14 companies.
About the program
Alinma Bank and Falak Investment launched the AmadTech program in July 2025 with three tracks: an accelerator for startups, commercialization of registered intellectual property, and a student track in collaboration with Mawhiba. The accelerator covers product development, AI integration, regulatory matters and investor pitching, and ends with a demo day. The first cohort had 14 companies in areas including payments, proptech, insurance and cybersecurity.
Funding figures conflict across sources ("access to over $1 million in funding" vs reports of SAR 600,000 initial investment) so funding omitted. Falak's site did not show an AmadTech page at verification; whether a second cohort will run is unconfirmed. City assumed Riyadh (Falak HQ) - verify.
What it offers
- Sectors
- Fintech
- Duration
- 12 weeks
- Format
- Cohorts