Finance your PO without any delays

As the First Debt Crowd Lending Platform specializing in Purchase Order Financing licensed by Saudi Central Bank, Tameed offers reliable and secure financing for your PO

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Why finance with Tameed

We offer a straightforward alternative to traditional lending to SMEs.

On-demand financing solution. Choose when you need financing

Immediate initial approval & Final Approval within 72 hours

Flexible rates starts at 1% per month with early payment discount

Reliable and secure financing for your PO, and sharia compliant

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Our streamlined process

We took the hassle out of finance with our simplified process

1
Apply

SIGN UP FOR free and upload your purchase order details, personal information, and related informations like Amount and duaration etc.

2
Review

Tameed reviews your application and performs a credit assessment based on your Purchase Orders.

3
Financing

You select when and for which Purchase Orders you want to receive financing. We pool the required funds and start the financing process.

4
Settlement

At the maturity date, the PO-Issuer pays the invoice to an escrow account and Tameed will settle the accounts with you and the financiers.

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Financing requirements

What you need to have, in order to meet our requirements and receive funding from tameed

Underlying Purchase Orders (POs) from multinational, reputable manufactures from various industries including IT, Medical, Telecommunications , Defense, Construction industries.

SME resellers selling to government-owned entities in Saudi Arabia including Healthcare, Defense, Construction Sector.

Revolving, ongoing trade flows of manufactured good with a maximum tenor / payment terms of 365 days

Funding Amounts minimum SAR 250K per PO. Funding Currency in Saudi Arabia Riyal.

FAQs

The Answers to most of your questions

What is Tameed?

Tameed is the first crowd debt lending platform licensed by the Saudi Central Bank. Tameed is specialised in offering a financing alternative-other than a business loan- to finance the local SMEs who have Purchase Orders from Government agencies or Large private Companies.

How can I apply for PO financing?

You can apply by signing up on our platform (ta3meed.com) and filling out the required information: (commercial registration number - VAT number - authorized person ID number - birthdate -mobile number - email) and then setting a password.

Are the financing operations on Tameed platform compliant with Islamic Sharia law?

Yes, all financing and investment operations on the Tameed platform comply with Islamic Sharia law and are overseen by a Sharia board chaired by Dr. Youssef Al-Shubaily

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What are the expected financing costs?

The financing cost is divided into two parts:
1- Administrative fees starting from 2.5% to 2.95%
2- Monthly profit rate ranging from 1% to 2%

Is the amount transferred directly to the applicant's bank account?

No; the financing amount is transferred directly to the supplier or service provider -according to the company's policy.

What are the required guarantees?

1- Assignment of proceeds
2- Promissory notes

What is the time frame for the financing procedures?

The evaluation of the financing request, and determining the profit rate, within one business day after receiving all the required documents. On average it takes around 3-5 business days for the supplier/provider to receive the funds.

Can I pay off the financed amount before the due date?

Yes, you can pay off the full amount before the due date and receive the agreed upon discount in the  contract.

What is the maximum financing duration that can be requested?

The maximum financing duration that can be requested is 12 months.