Why finance with Tameed
We offer a straightforward alternative to traditional lending to SMEs.
On-demand financing solution. Choose when you need financing
Immediate initial approval & Final Approval within 72 hours
Flexible rates starts at 1% per month with early payment discount
Reliable and secure financing for your PO, and sharia compliant
Our streamlined process
We took the hassle out of finance with our simplified process
SIGN UP for free and upload your purchase order details, personal information, and related informations like Amount and duaration etc.
Tameed reviews your application and performs a credit assessment based on your Purchase Orders.
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You select when and for which Purchase Orders you want to receive financing. We pool the required funds and start the financing process.
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At the maturity date, the PO-Issuer pays the invoice to an escrow account and Tameed will settle the accounts with you and the financiers.
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Financing requirements
What you need to have, in order to meet our requirements and receive funding from tameed
Underlying Purchase Orders (POs) from multinational, reputable manufactures from various industries including IT, Medical, Telecommunications , Defense, Construction industries.
SME resellers selling to government-owned entities in Saudi Arabia including Healthcare, Defense, Construction Sector.
Revolving, ongoing trade flows of manufactured good with a maximum tenor / payment terms of 365 days
Funding Amounts minimum SAR 250K per PO. Funding Currency in Saudi Arabia Riyal.
FAQs
Tameed is the first crowd debt lending platform licensed by the Saudi Central Bank. Tameed is specialised in offering a financing alternative-other than a business loan- to finance the local SMEs who have Purchase Orders from Government agencies or Large private Companies.
You can apply by signing up on our platform (ta3meed.com) and filling out the required information: (commercial registration number - VAT number - authorized person ID number - birthdate -mobile number - email) and then setting a password.
The financing cost is divided into two parts:
1- Administrative fees of 2.5%
2- Monthly profit rate ranging from 1% to 2%
No; the financing amount is transferred directly to the supplier or service provider -according to the company's policy.
1- Assignment of proceeds
2- Promissory notes
3- Direct deduction from the bank account
The evaluation of the financing request, and determining the profit rate, within one business day after receiving all the required documents. On average it takes around 3-5 business days for the supplier/provider to receive the funds.
Yes, you can pay off the full amount before the due date and receive the agreed upon discount in the contract.
The maximum financing duration that can be requested is 12 months, while the minimum financing duration is 3 months.
