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Thursday, May 30, 2024

Funding Souq Partners with Qoyod to Provide Embedded Financing for the SME Ecosystem in Saudi Arabia

Last updated Monday, March 11, 2024 11:53 ET

"We are very excited to partner with Qoyod to bring embedded financing solutions to the SME ecosystem in Saudi Arabia," said Martin Jaouni , Founder & CEO at Funding Souq.

Riyadh, 03/11/2024 / SubmitMyPR /

Riyadh, Saudi Arabia - Funding Souq, a SME financing and investing platform, is thrilled to announce its partnership with Qoyod, Saudi’s leading accounting software provider, to offer embedded financing solutions specifically designed for the SMEs in Saudi Arabia.

As part of this strategic collaboration, Funding Souq will leverage Qoyod's robust cloud accounting platform to seamlessly integrate financing options directly into the accounting software. This innovative approach will empower SMEs to access timely and flexible financing solutions, enabling them to fuel their growth and achieve their business objectives more efficiently.

"We are very excited to partner with Qoyod to bring embedded financing solutions to the SME ecosystem in Saudi Arabia," said Martin Jaouni , Founder & CEO at Funding Souq. "Small and medium-sized enterprises are the backbone of the Saudi Arabian economy, and we believe that by combining Qoyod's cutting-edge accounting software with our financing expertise, we can help empower these businesses to thrive and contribute to the country's economic growth."

The embedded financing solutions offered through this partnership will provide SMEs with access to a range of financing options tailored to their specific needs, including working capital loans, equipment financing, and trade finance. By leveraging Qoyod's extensive network and Funding Souq's expertise in financial services, the partnership aims to deliver competitive profit rates, flexible repayment terms, and a streamlined application process to support the growth and success of SMEs in Saudi Arabia.

About Funding Souq,

Funding Souq is a SME financing and investing platform based in Saudi Arabia and with an office in the UAE. We connect established businesses with a diverse community of investors, providing competitive investment opportunities in Saudi Arabia and the UAE

At Funding Souq, we believe in the power of collaboration and democratizing access to finance. We bring together entrepreneurs and investors, creating opportunities for businesses to secure the funding they need to thrive, while offering investors attractive risk-adjusted returns.

Our platform operates in accordance with the principles of Shariah, ensuring that all investment and borrowing opportunities are compliant with Islamic finance principles. We have obtained certification from Dar Al Sharia, a subsidiary of Dubai Islamic Bank, and our in-house Sharia Supervisory Board diligently evaluates each investment opportunity to ensure its compliance.

Media Contact:

Contact Person: Jowana Alahmadi

Official Website: https://fundingsouq.com/sa/en/

Contact Email Address: [email protected]

Contact Phone Number: +966 800 124 0366

Original Source of the original story >> Funding Souq Partners with Qoyod to Provide Embedded Financing for the SME Ecosystem in Saudi Arabia