SILQ
About
Saudi-based commerce, payments and digital operations group building integrated business infrastructure and embedded Shariah-compliant finance for merchants.
Founders
Recent News
#108 This week In MENA's Startup Scene! - by Maxim Hamida
This roundup covers more than $150M in announced financing across MENA, with notable deals including Saudi fintech Fina's $75M debt facility, SILQ's $20M structured financing, Labby's $10M investment to build a Syrian super app, and several seed and pre-seed rounds.
Saudi’s SILQ Secures $75 Million Shariah-Compliant Financing Facility to Expand SME Funding - إنت عربي
Fina, the fintech arm of Saudi-based SILQ, secured a $75M Shariah-compliant financing facility from London’s Fasanara Capital to provide embedded working capital to SMEs across Saudi Arabia. The deal aims to expand access to Shariah-compliant embedded finance and accelerate SILQ’s integrated commerce-payments-finance roadmap.