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Saudi Arabia

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 first phase, the taxpayers should ensure that there is a technical e-invoicing solution compatible with the relevant requirements. If they...

#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


Trade financial platform named ‘one of the most inovative’...

The Ta3meed platform has been selected as... (more…)

#bank#PO#smes


Demica announces private cloud deployment for Saudi Arabian bank

Demica, one of the largest independent providers of working capital solutions, today announced that it has... (more…)

#artificial intelligence#bank#supply chain finance


Mastercard and AlRaedah Finance launch payment solutions for SMEs...

Mastercard has signed a Memorandum of Understanding (MoU) with AlRaedah Finance, to launch... (more…)

#Mastercard


Saudi Arabian Ministry of Finance to offer receivables finance...

Saudi Arabia’s Ministry of Finance launched 12 new products on its digital portal... (more…)

#bank#financial services#guarantees


Saudi fintech start-up ‘Lendo’ set to unlock invoice financing...

Lendo, the peer-to-peer (P2P) lending marketplace that offers small and medium-sized enterprises... (more…)

#Lendo


Saudi Arabia’s SABIC and NCB sign deal to finance...

The National Commercial Bank (NCB) has signed a memorandum of understanding with the... (more…)

#bank#small businesses#smes

Saudi British Bank joins R3 blockchain consortium

Trade finance-focused Saudi British Bank has announced partnering with blockchain company R3... (more…)

#blockchain

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