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Forus secures Series A funding as it plans expansion
Vineeta Tan - 0
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...
Forus
IFN Fintech - 0
Licensed by Saudi Arabia Monetary Authority, Forus is a lending marketplace that enables investors to invest in a marketplace of alternative loans targeted towards...
Raqamyah secures SAMA license to offer SME crowdfunding solutions
IFN Fintech - 0
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.
Two Islamic fintech start-ups secure Saudi Central Bank licenses
IFN Fintech - 0
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.
Islamic fintech: Alternative financing for SMEs
IFN Fintech - 0
SMEs play a vital role in developed and developing countries and are major contributors to job creation and growth. According to the World Bank,...
Saudi P2P marketplace gains Shariah approval
Vineeta Tan - 0
A Saudi Central Bank (SAMA)-licensed fintech platform has officially received its Shariah compliant label, thereby providing additional reassurance to faith-conscious consumers and an added...
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...