Saudi’s SILQ Secures $75 Million Shariah-Compliant Financing Facility to Expand SME Funding - إنت عربي

Fina, the fintech arm of Saudi-based SILQ, has secured a $75 million (SAR 282 million) Shariah-compliant financing facility from London-headquartered investment manager Fasanara Capital. The facility will finance embedded working capital solutions for SMEs across Saudi Arabia as part of SILQ’s broader strategy to integrate commerce, payments, digital operations and finance within a single digital workflow.

"We have built a financing model designed around how merchants actually operate, rather than relying on traditional lending processes," said Mohammed AlDosari, Co‑Founder and CEO of SILQ Financial. He added that the partnership with Fasanara Capital will expand access to Shariah‑compliant financing embedded within digital commerce.

How the facility will work

The $75 million Shariah‑compliant facility will be deployed through Fina to provide working capital directly inside merchants’ digital operations by leveraging real‑time transaction data and business activity. The embedded finance approach aims to deliver faster, more flexible financing tailored to operational needs, removing friction associated with conventional lending.

• Fasanara Capital: London-headquartered global investment management firm providing the $75 million facility.
• Fina / SILQ: The fintech arm and parent group implementing embedded Shariah‑compliant finance.
• Coverage to date: SILQ’s ecosystem has supported more than 50,000 businesses in Saudi Arabia.
• Transaction scale: SILQ has processed more than SAR 20 billion in transaction volume across the Kingdom.

Market context and scale

The financing arrives amid ongoing efforts to increase SME access to capital in Saudi Arabia. The Saudi SME Bank estimates a financing gap of around SAR 300 billion, creating a sizeable opportunity for technology‑driven lenders and embedded finance providers. Fina plans to target SAR 3 billion in financing to more than 2,000 businesses during 2026, building on SAR 1.5 billion deployed over the past 12 months.

Matt Kuss, Partner and Head of Origination at Fasanara Capital, said the deal "reflects the firm’s commitment to supporting the evolution of embedded finance for SMEs in Saudi Arabia and improving businesses’ access to working capital through technology-driven solutions." His comment underscores Fasanara’s strategic interest in Middle East fintechs that can scale credit delivery via transactional platforms.

Outlook

The facility is positioned as a milestone in SILQ’s roadmap to create an integrated business infrastructure that combines commerce, payments, digital operations and embedded Shariah‑compliant finance. If Fina achieves its 2026 target of SAR 3 billion in deployments, the company would double the amount financed in the prior 12 months and deepen its footprint among merchants that already use SILQ’s payments and commerce tools.

For SMEs, the new capital line promises quicker access to working capital tied to daily sales and cash flows, rather than traditional credit assessments. For SILQ and Fasanara, the arrangement tests whether an embedded financing model can materially close part of the Kingdom’s large SME funding gap while scaling through digital transaction data and automated underwriting.