SILQ Secures $75 Million Financing to Expand SME Lending in Saudi Arabia

Saudi fintech-commerce platform SILQ has secured a $75 million Shariah-compliant financing facility from Fasanara Capital to expand its embedded finance arm, Fina, and support lending to small and medium-sized businesses in Saudi Arabia. The funding will be used to provide working-capital loans through digital commerce workflows, helping SMEs access financing more easily as demand for alternative credit grows. The deal follows a separate $20 million facility from Gemcorp Capital earlier this month and underscores the rapid expansion of embedded finance in the Kingdom.