The Saudi Central Bank (SAMA) licensed “Themar” to provide crowdfunding solutions. With Themar, there are now seven authorized companies offering debt-based crowdfunding solutions in Saudi Arabia.

This decision reflects SAMA’s endeavor to support the finance sector, increase efficiency of financial transactions, and promote innovative financial solutions for financial inclusion in Saudi Arabia.

Other licensed crowdfunding companies are Lendo, Raqamyah, Forus, Tameed and Manafa

Featured image credit: Edited from Themar