Riyadh, Saudi Arabia – December 28, 2023 – Tameed, a peer-to-peer financing platform that provides Sharia-compliant funding to small and medium-sized enterprises (SMEs) with government contracts, closed a Series A funding round of SAR 56.75 million (USD 15 million), led by Alromaih Investment Group. This success is a testament to the trust that the platform enjoys from investors.
Mohamed Alomayyer, CEO of Tameed Platform for Debt-Based Crowdfunding, was a guest on Al Arabiya to discuss the granting of Tameed Platform the final license to operate in the debt-based crowdfunding activity.
The Saudi Central Bank (SAMA) has granted a license to Tameed Platform for Debt-Based Crowdfunding in the debt-based crowdfunding activity. This comes after the platform's success in its experience through the SAMA's regulatory sandbox (Regulatory Sandbox) for innovative financial services and products in the Kingdom.