Ta3meed is a crowdfunding platform that provides purchase order financing specifically for small and medium-sized enterprises (SMEs) with government contracts in Saudi Arabia. By facilitating quick access to capital through compliant Islamic financing, Ta3meed addresses the cash flow challenges faced by these businesses when fulfilling government orders.
Funding
$15.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) in Saudi Arabia often face cash flow challenges when fulfilling government contracts, hindering their ability to grow and contribute to the economy. Traditional financing options may be slow, complex, or inaccessible, creating a need for alternative funding solutions.
Solution
Ta3meed is a crowdfunding platform that provides purchase order financing specifically for SMEs with government contracts in Saudi Arabia. The platform connects these businesses with individual and institutional investors seeking Sharia-compliant, fixed-income investment opportunities. By facilitating quick access to capital through compliant Islamic financing, Ta3meed addresses the cash flow challenges faced by these businesses when fulfilling government orders. Ta3meed manages and arranges the financing through secure and easy steps, under the supervision of the Saudi Central Bank's regulations and instructions. The platform offers comprehensive financing solutions for all purchase order needs, from final guarantee financing to purchase order financing through a single financing package.
Target Audience
The primary target audience includes small and medium-sized enterprises (SMEs) in Saudi Arabia that have secured government contracts and require financing to fulfill those orders, as well as individual and institutional investors looking for Sharia-compliant investment opportunities.
Features
- Online platform for submitting and managing financing requests for government purchase orders.
- Automated investment platform connecting SMEs with investors for Sharia-compliant financing.
- Due diligence and verification of government contracts to ensure payment security.
- Sharia compliance certified by a dedicated Sharia board headed by Sheikh Dr. Yusuf Al-Shubaili.
- Mobile application for requesting financing or starting investing from mobile devices.
- Transparent pricing structure with clear financing costs and no hidden fees.
- Early payment discount for settling financing before the due date.