Saudi purchase order financing platform Ta3meed has selected Moneythor’s personal finance management and loyalty solutions to enhance its platform with loyalty features.

Under the partnership, Moneythor will provide Ta3meed’s loyalty programme with data-driven personalisation capabilities to strengthen its digital engagement with users.

Founded in 2013 and headquartered in Singapore, Moneythor also provides financial institutions with digital banking, open banking, financial wellbeing, and chatbot solutions.

Ta3meed, which means purchase order in Arabic, was founded in 2019 and is headquartered in Riyadh. The company’s automated financing platform is enabled by Mambu’s banking platform.

“The partnership with Moneythor will give Ta3meed a competitive edge in enriching its purchase order (PO) Financing offer with smart loyalty features and personalised recommendations,”

said Mohamed Alomayyer, CEO and Co-Founder of Ta3meed.

“We look forward to delivering personalised customer-first digital experiences for Ta3meed users with best-in-class loyalty services,”

said Olivier Berthier, CEO and Co-Founder of Moneythor.