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erad, the Riyadh-based alternative financing platform for SMEs, has obtained a US$125m credit facility from Jefferies, with co-investment from Channel Capital. The transaction, which represents Jefferies’ first asset-backed financing deal in the Golf Cooperation Council (GCC), is intended to strengthen...
#asset backed finance
Saudi National Bank (SNB), the Kingdom’s largest financial institution, today announced plans to launch a first-of-its-kind Point-of-Sale (POS) lending solution…
#Geidea#Saudi National Bank#SME financing
Saudi Arabian fintech startup RIFD has secured strategic investment from global venture capital firm Antler, marking a significant step in…
#Antler#receivables securitisation#RIFD
Finastra today announced that the successful implementation of Finastra Kondor and cloud-based managed services provided by DXC Technology, a leading…
#Finastra#treasury solutions#Vision Bank
The Saudi Export-Import Bank (Saudi EXIM) has signed three reinsurance agreements with Allianz Trade, Bpifrance, and American International Group (AIG).…
#AIG#Allianz Trade#Bpifrance
Major Funding Milestone Forus, a leading Saudi debt crowdlending platform specialising in working capital solutions for SMEs, has secured a…
#Fasanara#Forus#working capital finance
Lendo, the leading debt crowdfunding platform in Saudi Arabia, has secured a US$690m (SAR 2.6bn) warehouse facility led by J.P.…
#fintech#sme finance
Tarabut, the MENA region’s leading, regulated open banking platform, and Geidea, Saudi Arabia’s leading payments solutions provider, have entered a…
#alternative finance#Geidea#sme finance
Lendo, a Saudi Arabia-based Shariah-compliant crowdlending marketplace, has signed a Memorandum of Understanding (MOU) with J.P. Morgan to improve access…
#IFC#J.P. Morgan#Lendo
Howden, Allianz Trade, and Saudi EXIM Bank have signed an Initial Framework Agreement to boost Saudi Arabia's economic growth and…
#Allianz Trade
Alraedah Digital Solutions, a leading technology company, is announcing a strategic partnership with ABHI, a fintech specialising in invoice factoring and…
#digital#digital transformation#financial services
The International Islamic Trade Finance Corporation (ITFC) and the Saudi Export-Import Bank (Saudi EXIM Bank) have signed a US$25m line of…
#Exim Bank#export finance#International Islamic Trade Finance Corporation
Qarar, a wholly owned subsidiary of SIMAH and the Middle East’s prominent data analytics and credit decisioning company, and Biz2X,…
#Biz2X#SME lending