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Saudi Arabia

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, a global fintech technology and financing provider with an established presence in the USA, India and Australia and over US$10bn...

#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


Banque Saudi Fransi signs partnership with SCF fintech

Banque Saudi Fransi and fintech Lamaa have signed a... (more…)

#supply chain finance


Coface and Al Rajhi Takaful enter a strategic partnership...

Coface, a global leader in trade credit insurance and adjacent specialty services, and... (more…)

#trade credit insurance


Saudi Arabia started mandatory e-invoicing first phase

Saudi Arabia has started implementing the mandatory application of the first phase of e-invoicing “fatoorah” on Saturday Dec. 4.In the…

#fatoorah


SCF fintech raises US$5.5m in the largest Saudi Arabian’s...

Invoice finance fintech Lamaa had secured a US$5.5m seed round, the largest one in Saudi Arabia. The round was co-led…

#buy now pay later#invoice#smes


GIB Saudi Arabia wins ‘Best Islamic Receivable Finance’

Gulf International Bank (GIB) Saudi Arabia won the ‘Best Islamic Receivable Finance Award 2021’... (more…)

#supply chain finance


SABB launches supply chain finance solution

In line with its Vision 2030’s initiative to increase financing for the SME sector ... (more…)

#bank#payables#Payables finance

Saudi’s e-invoicing project to save over US$100bn annually  

Saudi’s e-invoicing project Fatoorah is one of the key initiatives led by Saudi Arabia’... (more…)

#bank#DEC#digital

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