June 19, 2025
June 18, 2025 – Riyadh, Saudi Arabia
NayaOne, a UK-based Vendor Delivery Infrastructure (VDI) platform trusted by major global banks and regulators, has officially entered the Saudi market with the launch of the Kingdom’s first fully Saudi-hosted fintech platform. This milestone is made possible through a strategic partnership with AstroLabs, the Gulf region’s leading business expansion platform.
This local deployment is a significant step in supporting Saudi Arabia’s Vision 2030, as it empowers banks, insurers, and fintechs to design, test, and launch innovative products in just weeks — a massive leap toward a digitally inclusive and future-ready financial ecosystem.
Backed by the UK’s Department for Business and Trade (DBT), NayaOne’s platform offers Saudi financial institutions access to both the local and global NayaOne ecosystem, featuring high-quality synthetic data and secure, modular testing environments. These resources dramatically reduce the time needed for proof-of-concept development, from months to days, without compromising on security or compliance.
NayaOne has already been recognized for its innovation back home, having been selected by the UK’s Financial Conduct Authority (FCA) — in partnership with Nvidia — to power an AI sandbox for safe experimentation within the UK financial sector.
Now, with a physical presence in Riyadh, NayaOne’s entry strengthens UK-Saudi fintech ties, bridging British innovation with Saudi Arabia’s rapidly evolving financial sector. Multiple Saudi banks and fintech companies are already live on the NayaOne platform, testing cutting-edge solutions in embedded finance, cybersecurity, SME lending, remittances, and AI applications.
More institutions are expected to onboard in the coming months, further solidifying NayaOne’s position as a core infrastructure layer for fast, secure vendor delivery in the Kingdom.
“Hosting our platform inside Saudi Arabia removes data-sovereignty barriers and enables institutions to move from idea to execution in weeks,” said Karan Jain, Founder and CEO of NayaOne.
“We’re thankful for the support of our clients, AstroLabs, the KSA ecosystem, and the UK Government. We look forward to helping other UK companies enter the Saudi market.”
UK Minister for Investment, Baroness Gustafsson CBE, commented:
“The UK is home to some of the world’s top tech firms, and I’m pleased to see NayaOne bringing that innovation to Saudi Arabia. This is a clear example of the strength of UK-Saudi collaboration in digital and financial innovation.”
Alex Nicholls, Director of Expansion at AstroLabs, added:
“NayaOne’s entry will enable faster development of next-generation financial products that promote inclusion and support a dynamic market. With its new base in Riyadh, the platform is set to become a major driver of local fintech innovation.”
Saudi Arabia’s fintech sector is experiencing rapid growth, fueled by government support and increasing demand for modern financial solutions. The market is projected to reach $87 billion by 2029, up from $64 billion in 2024. The Kingdom also aims to establish 525 fintech companies by 2030, and NayaOne’s early move places it at the heart of this transformation.
As one of the first fully Saudi-hosted VDI platforms, NayaOne is now uniquely positioned to power the next wave of fintech development in the region.
Media Contacts:
- Lara Fakih, Director of Communications, AstroLabs – lara@astrolabs.com
- Kris Dickinson, Director of Financial Services, NayaOne – kris@nayaone.com
About AstroLabs
AstroLabs is the Gulf’s top business expansion platform, helping high-growth companies set up and thrive in Saudi Arabia and the UAE. With a network of 10,000+ decision-makers and over 1,800 successful market entries, AstroLabs drives economic growth through strategic government partnerships and support for national visions like Saudi Vision 2030.
About NayaOne
NayaOne simplifies and accelerates enterprise tech adoption by combining vendor discovery, synthetic data, and secure testing in a single platform. Designed for speed and security, NayaOne helps financial institutions validate and deploy innovation quickly—enabling smoother collaboration across teams and partners.
