Foodics invests in Funding Souq to expand restaurant financing in KSA, UAE

▤ Summary

Foodics invested strategically in Funding Souq to expand embedded financing for restaurant and hospitality merchants in Saudi Arabia and the UAE. The partnership combines Funding Souq’s regulated SME lending platform with Foodics’ restaurant operations data to improve credit assessment and tailor financing offers. Foodics also links the move to its Capital 2.0 financing initiative, which aims to deploy $100 million in its first year. The deal supports Funding Souq’s plan to scale its Shariah-compliant financing platform and reach $1 billion in SME financing over the next three years.

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