Saudi Fintech Fina Raises $75M in Sharia-Compliant Debt Financing from Fasanara Capital

Fina, the financial arm of Saudi Arabia’s SILQ platform, has secured a Sharia-compliant financing facility worth SAR 282 million (approximately $75 million) from Fasanara Capital, the London-headquartered global investment firm.

The financing is aimed at strengthening Fina’s digital financial infrastructure, enabling it to deliver flexible, direct capital to small and medium enterprises through the very same digital platforms these businesses already rely on for sales, purchasing, and day-to-day operations.

As part of the broader SILQ ecosystem, Fina embeds working-capital financing directly into merchants’ digital workflows, drawing on transaction data and real business activity to assess funding needs more accurately and efficiently.

Scaling Financial Inclusion

Through this facility, Fina aims to enable more than 2,000 Saudi companies to access liquidity of up to SAR 3 billion this year — building on the SAR 1.5 billion it deployed last year, marking a significant year-over-year jump in financing volume.

Mohammed Al-Dossary, Co-Founder and CEO of SILQ’s financial arm, described the partnership as a pivotal milestone in the company’s journey to expand financial inclusion with the speed and efficiency the local market demands.

The facility follows SILQ’s earlier announcement of a $20 million raise led by Gemcorp, aimed at scaling its SME financing services across the Kingdom.