THEMAR is a peer-to-peer purchase financing platform that enables small and micro enterprises to secure funding for their project purchases through a transparent credit assessment process. By facilitating these transactions, THEMAR enhances local economic activity and provides competitive returns for investors looking to diversify their portfolios.
Funding
$360K 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 micro enterprises often struggle to secure financing for essential project purchases due to limited access to traditional credit and a lack of transparent assessment processes. This restricts their ability to grow, hindering local economic activity and job creation.
Solution
THEMAR is a peer-to-peer financing platform that connects small and micro enterprises seeking funding for project-related purchases with investors looking for competitive returns. The platform facilitates a transparent credit assessment process, providing investors with detailed information about the enterprise and the proposed project, including associated guarantees. By enabling these transactions, THEMAR aims to stimulate local economies, support business expansion, and offer investors a diversified investment opportunity. The platform handles the purchase of required equipment or materials, reselling them to the enterprise and managing the repayment process, including profit distribution to investors.
Target Audience
THEMAR targets small and micro enterprises in Saudi Arabia seeking financing for project-related purchases, as well as investors looking for alternative investment opportunities with competitive returns.
Features
- Comprehensive credit assessment process for evaluating the creditworthiness of small and micro enterprises.
- Transparent project listings with detailed information on the enterprise, purchase requirements, and associated guarantees.
- Automated platform for managing investments, repayments, and profit distribution.
- User-friendly interface for both enterprises seeking funding and investors.
- Secure platform compliant with the regulations of the Saudi Central Bank for crowdfunding activities.