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Banque Saudi Fransi partners with Lamaa to deliver Islamic fintech solutions

Banque Saudi Fransi has signed an MoU with Shariah compliant supply chain finance digital platform Lamaa to develop and launch new services targeted at businesses across the supply chain.

Lamaa

Lamaa is an Early Payment Discounting FinTech company focusing on Supply Chain Finance for SME’s.

Billion-dollar commitment: Saudi’s digital SME financing drive

Saudi Arabia’s Small and Medium Enterprises Bank (SME Bank) and its subsidiaries have signed 20 agreements worth over SAR1 billion (US$266.46 million) with fintech companies and investment funds in a bid to diversify funding solutions for the SME sector.

Islamic fintech in 2022: Survival of the fittest?

Funding faltered. Licenses pulled. Companies shut down. The global fintech scene, including within the Shariah fintech realm, over the last 12 months seemed grim....

Supply chain fintech company wins Shariah approval for product

Saudi-based Lamaa has secured Shariah approval for its supply chain digital solution as part of its strategy to tap the Islamic financial market.

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