# Mohammad Aleban

> Mohammad Aleban is the Riyadh-based co-founder and CEO of Nearpay, a Saudi payment infrastructure company founded in 2020. He has described a development period of three years and three months before selling began. Nearpay raised a $14 million Series A in December 2023, joined Mastercard’s inaugural Start Path Acceptance cohort in 2024, and expanded into the United States in 2025.

- **Role:** Co-founder & CEO at Nearpay
- **Organizations:** Nearpay, Taakeedsa
- **Education:** King Saud University
- **Known for:** Co-founded Nearpay, a Saudi-built payment infrastructure business., Led Nearpay through a $14 million Series A announced in December 2023., Nearpay selected for Mastercard’s six-company inaugural Start Path Acceptance cohort in May 2024.

## Career timeline

- **2011-2016** — Attended King Saud University, as listed on his public LinkedIn profile.
- **2016-2018** — Founder of Taakeedsa, according to The Org career record.
- **2020** — Co-founded Nearpay; the company dates its founding to 2020. The Org lists his CEO tenure from December 2019.
- **2020-12** — Nearpay obtained Visa Tap to Phone certification under the new VRTPKS specification.
- **2023-12** — Nearpay announced a $14 million Series A led by Sanabil Investments.
- **2024-02** — Nearpay partnered with PayTabs on SoftPOS technology including PayTabs Touch and MEPS FAST in Jordan.
- **2024-05** — Nearpay joined Mastercard’s inaugural Start Path Acceptance cohort.
- **2024-07** — Featured on Thmanyah’s Sawalif Business podcast discussing payment infrastructure.
- **2025-01** — Announced Turkish SoftPOS approvals and thanked the team for more than a year of licensing work.
- **2025-04** — Listed for a Human Capability Initiative fireside chat on Nearpay and cashless payments.
- **2025-07** — Nearpay’s US launch was reported; Ali Mroueh led the expansion with technical oversight from Hamzah Al Ghamdi.

## Achievements

- Co-founded Nearpay, a Saudi-built payment infrastructure business.
- Led Nearpay through a $14 million Series A announced in December 2023.
- Nearpay selected for Mastercard’s six-company inaugural Start Path Acceptance cohort in May 2024.
- Nearpay expanded into the US in 2025 and secured a SuperSonic POS integration partnership announced in October 2025.

## Latest updates

- **2026-09** — Nearpay introduced its Banking platform for managing merchant operations, payments, settlements and digital financial services, reported on 15 September 2026.
- **2025-10** — Nearpay’s US operation announced a SuperSonic POS integration partnership.
- **2025-07** — Nearpay launched operations in the United States.

## Links

- Website: https://www.nearpay.io/
- LinkedIn: https://www.linkedin.com/in/mohammad-aleban-421199184/
- Twitter/X: https://x.com/m_aleban

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Profile page: https://yespress.io/mohammad-aleban
Published by YesPress — https://yespress.io
Last updated: 2026-10-21