Riyadh, Saudi Arabia - Funding Souq, a prominent SME crowdfunding and investing platform, is delighted to announce a strategic collaboration with Qoyod, the leading accounting software provider in Saudi Arabia. This partnership aims to introduce tailored financing solutions embedded within Qoyod's advanced cloud accounting platform, specifically designed to meet the unique needs of SMEs across the Kingdom.
Through this innovative alliance, Funding Souq will seamlessly integrate financing options directly into Qoyod's accounting software. This groundbreaking approach empowers SMEs to access flexible and timely financing solutions, streamlining their growth initiatives and enhancing overall business efficiency.
Martin Jaouni, Founder & CEO at Funding Souq, expressed enthusiasm about the collaboration, stating, "Partnering with Qoyod to introduce embedded financing solutions to the SME ecosystem in Saudi Arabia is a significant milestone. Small and medium-sized enterprises play a crucial role in the Saudi Arabian economy, and by combining Qoyod's state-of-the-art accounting software with our financial expertise, we aim to empower these businesses for sustained growth, contributing to the economic prosperity of the country."
The embedded financing solutions resulting from this collaboration will offer SMEs a range of financing options, including working capital loans, equipment financing, and trade finance. Leveraging Qoyod's extensive network and Funding Souq's financial proficiency, the partnership endeavors to deliver competitive profit rates, flexible repayment terms, and a simplified application process. These efforts aim to support the growth and success of SMEs in Saudi Arabia.
About Funding Souq:
Funding Souq is a SME financing and shariah compliant investing platform headquartered in Saudi Arabia, with a presence in the UAE. Our platform connects established businesses with a diverse community of investors, offering competitive investment opportunities in Saudi Arabia and the UAE.
At Funding Souq, we champion collaboration and strive to democratize access to finance. By bringing together entrepreneurs and investors, we create opportunities for businesses to secure the funding necessary for their success, while providing investors with attractive risk-adjusted returns.
Operating in alignment with Shariah principles, our platform ensures that all investment and borrowing opportunities comply with Islamic finance principles. We hold certification from Dar Al Sharia, a subsidiary of Dubai Islamic Bank, and our in-house Sharia Supervisory Board meticulously evaluates each investment opportunity for compliance.
Media Contact
Company Name: Funding Souq
Contact Person: Jowana Alahmadi
Email: Send Email
Phone: +966 800 124 0366
Country: Saudi Arabia
Website: https://fundingsouq.com/sa/en/
