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Saudi Arabia

Forus secures $60m to expand working capital finance in...

Major Funding Milestone Forus, a leading Saudi debt crowdlending platform specialising in working capital solutions for SMEs, has secured a US$60m securitisation debt facility from Fasanara Capital Ltd. Fasanara, a London-based investment manager with over US$4.5bn in assets under management,...

#Fasanara#Forus#working capital finance

Lendo secures $690M J.P. Morgan facility for SME growth...

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 and Geidea partner to explore innovative SME financing...

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


Saudi startup Lendo joins forces with J.P. Morgan to...

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 join forces to...

Howden, Allianz Trade, and Saudi EXIM Bank have signed an Initial Framework Agreement to boost Saudi Arabia's economic growth and…

#Allianz Trade


ABHI partners with Alraedah Digital Solutions to revolutionise financial...

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


ITFC and Saudi EXIM sign US$25m for Bank Al Habib...

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 and Biz2X partner to launch first cloud based...

Qarar, a wholly owned subsidiary of SIMAH and the Middle East’s prominent data analytics and credit decisioning company, and Biz2X,…

#Biz2X#SME lending


SME Bank Saudi Arabia allocates SAR 10bn to support...

The SME Bank, in partnership with a number of financing and investment agencies from Saudi Arabia, has allocated during the…

#SME bank


FAB signs first supply chain finance programme in Saudi...

Alfanar has become the first local client in Kingdom of Saudi Arabia to benefit from... (more…)

#First Abu Dhabi Bank#supply chain finance


Goldman Sachs provides US$150m BNPL securitisation in Saudi Arabia

Saudi Arabian buy now, pay later (BNPL) provider Nakhla for Information Technology Systems LLC (Tamara) has landed a US$150m warehouse…

#BNPL#Goldman Sachs#receivables securitisation


Saudi SME bank allocates US$2.8bn for SME financing

Saudi Arabia’s Small and Medium Enterprises Bank (SME Bank), a development bank under the National Development Fund, announced the allocation…

#SME bank

UAE and Saudi Arabia spearhead Middle East fintech sector

According to Arab News this week, ‘the year of the fintech is just getting started.’ Arab News, based in Riyadh,…

#supply chain finance

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