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SAMA Grants Debt-Based Crowdfunding Solutions License for 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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