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Female-founded Islamic fintech start-up Forus Capital has closed a Series A funding round, co-led by a Riyad Bank-backed fintech venture. The undisclosed amount of investment...
Hot on the heels of debt crowdfunding platforms Forus and Tameed receiving their regulatory licenses, Raqamyah also obtained a full license from the Saudi Central Bank (SAMA) to serve the Kingdom’s SMEs.
After successfully testing their solutions in Saudi Central Bank (SAMA)’s Regulatory Sandbox, debt crowdfunding platforms Forus and Tameed have been granted regulatory licenses to operate in the Kingdom.
Saudi issues draft regulations on debt-based crowdfunding as number of Islamic fintech companies grows
The Saudi Arabian Monetary Authority (SAMA) has launched draft regulations on debt-based crowdfunding in the Kingdom, now open for public feedback, as part of its efforts...