EZ Wage has received an Investment License from the Ministry of Investment of Saudi Arabia, allowing the company to operate with full foreign ownership in the Kingdom. This development marks a significant step for the fintech firm, which specializes in Earned Wage Access (EWA) solutions, and highlights Saudi Arabia’s commitment to diversifying its economic landscape.
The approval enables EZ Wage to expand its operations in the Kingdom, positioning it among the first Singapore-based fintech companies to achieve 100 percent foreign ownership in Saudi Arabia. The company’s founder and CEO, Fatima Batool, emphasized that the license represents both a milestone for EZ Wage and a broader opportunity to promote innovation and financial inclusion in one of the fastest-growing economies in the world. Batool also linked this move to support for Saudi Arabia’s Vision 2030 initiative, which aims to drive economic modernization and attract international investment to the region.
With this license, EZ Wage plans to introduce its earned wage access model—providing employees with real-time access to their earnings—to the Saudi market and wider region. The company intends to partner with local businesses, HR platforms, and digital banks to deliver its financial services, supporting efforts toward greater financial inclusion and digital transformation in the workforce.
EZ Wage’s entry into Saudi Arabia underscores the Kingdom’s emergence as a regional fintech hub and its openness to global innovators committed to advancing the country’s economic goals. The move is expected to foster opportunities for digitization, workforce development, and inclusive financial growth throughout Saudi Arabia, South Asia, and Southeast Asia.
