Saudi embedded finance platform Fina has secured a US$75 million (SAR 282 million) Shariah-compliant facility from London-based investment manager Fasanara Capital.
The funding will support embedded working capital financing for SMEs across Saudi Arabia.
Fina operates as the financial subsidiary of SILQ, a B2B enablement and fintech ecosystem formed through the 2025 merger of Saudi Arabia’s Sary and South Asia’s ShopUp.
The platform integrates financing into merchants’ existing digital workflows, allowing businesses to access capital while managing inventory, payments, collections, and daily operations.
Supporting SME access to finance
Saudi Arabia continues to prioritise SME growth under its Vision 2030 agenda. The initiative aims to strengthen private-sector participation and diversify the economy.
While SME lending has expanded, businesses still face challenges accessing flexible and timely working capital. The SME financing gap is estimated at around SAR 300 billion, according to Saudi SME Bank.
Fina addresses this gap by integrating financing solutions into merchants’ day-to-day operations. The platform uses real commercial activity to support access to capital without requiring separate financing processes.
“For years, we have worked alongside merchants as they built and grew their businesses, and one lesson became impossible to ignore: the challenge is not simply access to capital, but access to capital that is designed around the realities of how merchants operate,”
said Mohammed Aldossary, Co-founder of SILQ and CEO of SILQ Financial.
Aldossary added that Fina provides financing that fits within merchants’ existing digital workflows and supports their business needs.
Expanding embedded financing
Fasanara Capital manages approximately US$6 billion in assets and focuses on asset-based finance, receivables, and technology-enabled private credit.
The firm provides institutional capital to fintech lenders and digital credit platforms globally.
Fina has deployed SAR 1.5 billion in financing over the past 12 months and plans to unlock SAR 3 billion in liquidity for more than 2,000 businesses this year through the new facility.
SILQ’s Saudi ecosystem has supported more than 50,000 businesses and enabled over SAR 20 billion in total transaction volume to date.
Featured image credit: Edited by Fintech News UAE, based on image by magnific via Magnific
