News

Riyadh, Saudi Arabia – December 28, 2023 – Tameed, a peer-to-peer financing platform that provides Sharia-compliant funding to small and medium-sized enterprises (SMEs) with government contracts, closed a Series A funding round of SAR 56.75 million (USD 15 million), led by Alromaih Investment Group. This success is a testament to the trust that the platform enjoys from investors.

Mohamed Alomayyer, CEO of Tameed Platform for Debt-Based Crowdfunding, was a guest on Al Arabiya to discuss the granting of Tameed Platform the final license to operate in the debt-based crowdfunding activity.

The Saudi Central Bank (SAMA) has granted a license to Tameed Platform for Debt-Based Crowdfunding in the debt-based crowdfunding activity. This comes after the platform's success in its experience through the SAMA's regulatory sandbox (Regulatory Sandbox) for innovative financial services and products in the Kingdom.

Tameed, is the first Purchase Orders (PO) financing platform in Saudi Arabia.

We are proud to have been chosen by #Forbes Middle East magazine as one of the 50 most powerful financial technology (fintech) companies in the Middle East for the year 2024.