English
Funding Souq is thrilled to partner up with Qoyod, Saudi Arabia's leading accounting software provider, to propel the prosperity of SMEs in the Kingdom.
Through this initiative, Funding Souq will seamlessly integrate financing options directly into Qoyod's advanced cloud accounting platform. This approach empowers SMEs to effortlessly access timely and flexible financing solutions, streamlining their growth initiatives and boosting overall business efficiency.
"We are thrilled to partner with Qoyod to introduce embedded financing solutions to the heart of the Saudi SME ecosystem," said Martin Jaouni, Founder & CEO at Funding Souq.
"SMEs are the backbone of our economy, and we believe this collaboration, combining Qoyod's cutting-edge technology with Funding Souq's financing expertise, will be instrumental in empowering these businesses to flourish and contribute to the Kingdom's economic growth."
The embedded financing solutions offered through this partnership will cater to the specific needs of SMEs, providing access to a diverse range of financing options, including:
Working capital loans
Equipment Financing
Trade finance
By leveraging Qoyod's extensive network of SMEs and Funding Souq's proven track record in financial services, the partnership is committed to delivering competitive profit rates, flexible repayment terms, and a streamlined application process for SMEs.
This partnership signifies a significant step forward in enhancing financial inclusion for SMEs in Saudi Arabia. Stay tuned for further updates on this exciting development!
Disclamer:
"Funding Souq Limited (DIFC) is regulated by DFSA. SME Financing carries a potential default risk which may result in loss of all or part of your investment, incur costs or delays in receiving payments. Funding Souq operates Islamic Window, pursuant to which it's Shariah Supervisory Board (SSB) has reviewed the Shariah Compliant structure, to which this marketing material relates. SSB Members are from Safwa Shariah Advisory Pvt. Ltd., whose details are available on Funding Souq website."
