SAMA Grants Debt-Based Crowdfunding License to Dnaneer
SAMA now has an astounding 57 licenses for finance companies.
By Inc.Arabia Staff
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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