SAMA Grants Debt-Based Crowdfunding License to Dnaneer
SAMA now has an astounding 57 licenses for finance companies.
By Inc.Arabia Staff
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Dnaneer Financing Company has been authorized by the Saudi Central Bank (SAMA) to offer debt-based crowdfunding services, according to a statement.[1]
Dnaneer, a Saudi-based debt financing platform, uses the debt crowdfunding model to offer non-dilutive financing to tech-based businesses in Saudi Arabia.
Asset-light businesses can turn their annual recurring revenue (ARR) into upfront cash with Dnaneer without giving up ownership.
Dnaneer was founded by CEO Abdullah Al-Omair and COO Bader Aljuhani
With this license, SAMA now has an astounding 57 licenses for finance companies.
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