Fina Secures $75M Shariah-Compliant Facility from Fasanara Capital to Scale Saudi SME Lending
What's happening
Fina (branded as SILQ in some reports) has secured a $75 million Shariah-compliant debt facility from Fasanara Capital to scale SME lending in Saudi Arabia. Multiple press items report the $75m line is intended to expand SME financing and embedded finance offerings. Earlier coverage also notes a separate $20 million Shariah-compliant financing round for SILQ to grow embedded finance for Saudi SMEs.
Why it's trending
Lenders and funds are ramping Shariah-compliant capital into Saudi SME finance as demand for embedded and scaled SME lending grows.
SignalNewly emerging, confirmed across 1 independent source type.
Story volume
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If you run a Saudi SME, Fasanara's $75m Shariah-compliant facility to Fina/SILQ could mean faster access to working capital and more embedded payment and credit options in your invoicing flow today, not next year.
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Original sources5
- Fina Secures $75M Shariah-Compliant Facility from Fasanara Capital to Scale Saudi SME LendingFF NewsJul 22
- SILQ Secures $20 Million Shariah-Compliant Financing to Expand SME Embedded Finance in Saudi ArabiaentARABIJul 22
- SILQ raises $20 million to scale embedded finance for Saudi SMEsWamdaJul 21
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