Fina Secures $75M Shariah-Compliant Facility from Fasanara Capital to Scale Saudi SME Lending

Quick Summary

Fina, a subsidiary of the SILQ ecosystem, has secured a $75 million Shariah-compliant facility from Fasanara Capital. This funding aims to scale embedded finance solutions for Saudi Arabian SMEs, addressing a significant financing gap by integrating working capital directly into digital merchant workflows.

How Does Fina Address the Saudi SME Financing Gap?

Embedded finance serves as the primary vehicle for Fina to bridge the estimated SAR 300 billion financing gap currently facing Saudi small and medium enterprises. By integrating credit facilities directly into the daily digital workflows where merchants buy, sell, and collect payments, Fina removes the friction associated with traditional bank lending. This approach aligns with the Vision 2030 agenda, which seeks to diversify the Kingdom's economy by empowering the private sector.

• SAR 3 billion in liquidity targeted for unlocking this year.
• Support for over 2,000 businesses in the immediate pipeline.
• Integration into real commercial activity rather than static credit checks.

What Role Does Fasanara Capital Play in This Partnership?

As a London-based global investment manager with $6 billion in AUM, Fasanara Capital provides the institutional backbone necessary to scale embedded finance across the region. The partnership focuses on asset-based finance and data-driven private credit, allowing Fina to offer flexible, Shariah-compliant capital. This collaboration reflects a growing international interest in the Saudi fintech ecosystem and its ability to deliver technology-enabled credit to real-economy businesses.

Matt Kus, Partner and Head of Origination at Fasanara Capital, said:

"We are pleased to partner with Fina and support the continued development of embedded SME financing in Saudi Arabia. Access to working capital remains a critical priority for SMEs globally, and we believe technology-enabled platforms such as Fina can play an important role in helping merchants access financing in a more efficient and flexible way."

What Results Has the SILQ Ecosystem Delivered So Far?

The SILQ ecosystem, formed by the merger of Sary and ShopUp, has already established a massive footprint in the region. By leveraging B2B commerce data, the platform has enabled more than SAR 20 billion in total transaction volume. Fina acts as the financial engine of this ecosystem, converting transaction data into actionable credit opportunities for the 50,000+ businesses already utilizing the platform's commerce and payment tools.

Mohammed Aldossary, Co-founder, SILQ and CEO of SILQ Financial, said:

"For years, we've worked alongside merchants as they built and grew their businesses, and one lesson became impossible to ignore: the challenge isn't simply access to capital, but access to capital that's designed around the realities of how merchants operate. Fina was built to deliver financing that understands their business, moves at their speed, and is embedded within the digital workflows they already use."

FF NEWS TAKE:

This deal definitely moves the needle for the Middle Eastern fintech landscape. By securing $75 million in embedded finance capacity, Fina isn't just launching a product; they are operationalizing liquidity at scale. The involvement of a major London player like Fasanara Capital signals that Saudi Arabia's Vision 2030 is successfully attracting sophisticated global capital into the Shariah-compliant credit space, potentially setting a blueprint for other emerging markets.