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CDF partners with Lendo and Sukuk Capital

The Cultural Development Fund (CDF) has partnered with Islamic P2P firm Lendo and Sukuk Capital to provide financing to enhance the sustainability of Saudi...

Lendo closes Series A round

Islamic digital financier Lendo has closed a Series A funding round which will be used to bolster its platform capabilities and expand its offering. Licensed...

Lendo

Designed specifically for the needs of small and medium businesses, Lendo offers instant short-term finance-against-invoice solutions so your company’s cash flow does not suffer...

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: Alternative financing for SMEs

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 fintech community welcomes new Islamic start-ups

Several Islamic fintech start-ups have gained regulatory licenses to operate in Saudi Arabia, underscoring the world’s largest Shariah financial market’s latent potential for Islamic digital finance and investments.

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...

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