Fina Launches USD 133M Fund to Expand SME Financing in Saudi
Summary
Fina launched a USD 133 million fund to expand financing for SMEs and other B2B businesses in Saudi Arabia. The fund will embed credit into workflows such as procurement, supplier payments, and receivables to improve liquidity for companies. Fina created the vehicle with Joa Capital and plans to serve a broader Saudi B2B ecosystem beyond its existing commerce base. The launch responds to a large SME financing gap in the kingdom and supports the country’s 2030 lending targets.
Funding
Amount
$133.0M
Total raised
Date
September 16, 2026
Announcement date
Investors
ShopUp
Lead investors
Company
fina.sa
Funded company
AskAI Classifications
Sectors
Fintech, Banking and Payments
General FinTech
Functions
Developer and IT Infrastructure
Workflow Orchestration
Linked Companies
Fina
$5M to $10M