Foodics, the leading Restaurant Operations & Financial Management Platform in MENA, has announced a strategic partnership with financial infrastructure provider Lean Technologies. The collaboration, signed at the Money20/20 Middle East conference, aims to embed open banking solutions into the Foodics platform, providing data-driven financial tools to the F&B and retail sectors across Saudi Arabia.
Unifying Financial Management
This partnership enables restaurant and retail operators to gain comprehensive visibility and control over their cash flow. By consolidating all bank accounts into a single, unified view directly within the Foodics console, business owners can eliminate the need to switch between multiple banking platforms. The new feature allows for real-time monitoring of balances, transactions, and financial projections across various outlets, powered by AI and open banking. This centralized dashboard simplifies daily financial management and equips merchants with actionable insights for smarter decision-making and improved liquidity.
Streamlining Access to Capital
The collaboration also introduces enhanced financing capabilities through Foodics Capital. By leveraging access to merchants’ real-time financial performance, the system can instantly generate a reliable creditworthiness score. This allows Foodics to offer tailored financing based on actual business performance, creating a frictionless process for accessing capital. This model removes the delays and complexities of traditional credit systems, fostering financial inclusivity for small and medium-sized enterprises seeking to scale their operations sustainably.
A Strategic Shift To Fintech
This initiative marks a significant step in Foodics’ evolution from a SaaS provider to a comprehensive fintech enabler. By embedding open banking, the company aims to become a full financial partner for its merchants. “We believe that full visibility into your business is power,” said Ahmad AlZaini, CEO and Co-founder of Foodics. “By embedding open banking into our platform, we’re giving merchants real-time clarity over their financials, unlocking the control and confidence they need to make smarter decisions, fuel their growth, and build more resilient businesses.”
Hisham Al-Falih, CEO and Co-founder of Lean Technologies, added, “This partnership gives Foodics the infrastructure to evolve from a point-of-sale platform into a full financial enabler for the F&B and retail sectors. By embedding Open Banking into their system, Foodics can deliver real-time financial visibility and seamless access to capital, driving merchant growth and shaping the next chapter of fintech innovation in the Kingdom.” The move also aligns with Saudi Arabia’s broader fintech and Open Banking agenda, reinforcing Foodics’ commitment to advancing the nation’s digital economy.
About Foodics
Foodics Group is the leading Restaurant Operations & Financial Management Platform in MENA, with an innovative 360° SaaS ecosystem. Formally licensed as a Fintech company by the Saudi Central Bank (SAMA), the company
Source: Zawya
