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Tameed closes Series A funding round
Vineeta Tan - 0
About a year after securing its license, Islamic crowdfunding platform Tameed has raised SAR56.75 million (US$15.12 million) in Series A funding, which it will use to fund its expansion plan in Saudi Arabia.
Billion-dollar commitment: Saudi’s digital SME financing drive
Vineeta Tan - 0
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.
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.
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...