5 years ago

Raqamyah Platform Secures Seed Funding from Impact46

  • Raqamyah Platform, a Saudi Arabian peer-to-peer SME lending platform, has secured seed funding from Impact46

  • Raqamyah connects businesses with lenders for fast and affordable finance, aiming to simplify funding for SME growth

  • The platform is approved by SAMA's Regulatory Sandbox and offers invoice, inventory, and term finance.

      • ProblemFinancial Services

      "Small and medium-sized enterprises (SMEs) in Saudi Arabia face difficulties accessing fast and affordable financing, hindering their growth."

      Solution

      "Raqamyah Platform is a peer-to-peer (P2P) lending platform that connects SMEs with lenders, providing them with quick and affordable financing options. The platform offers invoice, inventory, and term finance, simplifying the funding process for SMEs."

      Covered on