Fina Secures $75M to Bring Working Capital Into Saudi Commerce

Saudi SMEs do not only need more financing. They need capital that moves with the way they operate.

Fina has secured a $75 million Shariah-compliant facility from Fasanara Capital to expand embedded financing for small and medium-sized businesses in Saudi Arabia.

Fina is the fintech arm of SILQ, the B2B commerce and financial ecosystem formed through the combination of Saudi-based Sary and South Asia-focused ShopUp. The facility is designed to bring working capital directly into the digital workflows merchants already use for commerce, payments, and operations.

Financing built around real business activity

Fina uses transaction data, commercial activity, and operational insights to assess financing needs and deliver capital through existing merchant platforms.

That model differs from traditional lending processes that often require SMEs to leave their operating systems, submit separate applications, and wait for manual underwriting.

By embedding financing into day-to-day business activity, Fina aims to make working capital faster, more flexible, and better aligned with inventory cycles, supplier payments, and customer collections.

SILQ said its Saudi ecosystem has already supported more than 50,000 businesses across commerce, payments, digital operations, and financing.

A large financing gap remains

Saudi Arabia’s SME sector is central to the Kingdom’s Vision 2030 economic diversification strategy.

However, SILQ cited an estimated SAR 300 billion SME financing gap, highlighting the scale of unmet demand for working capital across the market.

Fina’s model is built around the idea that financing is most effective when it is connected to real commercial activity rather than treated as a separate financial product.

The new facility gives Fina additional institutional capital to expand that approach.

Scaling liquidity for Saudi businesses

Saudi Arabia’s SME sector is central to the Kingdom’s Vision 2030 economic diversification strategy.

However, SILQ cited an estimated SAR 300 billion SME financing gap, highlighting the scale of unmet demand for working capital across the market.

Fina’s model is built around the idea that financing is most effective when it is connected to real commercial activity rather than treated as a separate financial product.

The new facility gives Fina additional institutional capital to expand that approach.

Scaling liquidity for Saudi businesses

Fina is targeting the release of SAR 3 billion in liquidity during 2026 for more than 2,000 businesses.

That follows the deployment of SAR 1.5 billion over the previous 12 months. SILQ also said it has enabled more than SAR 20 billion in transaction volume across Saudi Arabia.

These figures show that Fina is moving beyond an early-stage lending product toward a larger financing infrastructure layer inside SILQ’s merchant ecosystem.

The platform’s advantage comes from combining distribution and data. Because merchants already use SILQ’s services for commerce and operational workflows, Fina can potentially assess financing needs with more context than a standalone lender.

Why Fasanara matters

Fasanara Capital manages approximately $6 billion in assets and provides institutional capital to fintech lenders and technology-enabled credit platforms globally.

Its involvement gives Fina access to a partner with experience in asset-based finance, receivables, and data-driven private credit.

The partnership also reflects growing institutional interest in embedded finance models that connect capital directly to business activity.

The market signal

Embedded finance is moving from consumer payments into core B2B infrastructure.

For SMEs, the strongest platforms may be those that combine commerce, payments, operational data, and financing in one system.

Fina’s next test will be whether it can expand liquidity while maintaining disciplined underwriting, transparent terms, and strong repayment performance.

The larger shift is clear: SME financing is becoming part of the operating workflow, not a separate process businesses must navigate after capital is needed.

Source : Official Announcement