“Can a Shariah-compliant revenue-based lender become the go-to non-dilutive capital source for VC-backed SaaS startups across MENA and SEA?”
Founded in 2022, Capifly positions itself as the premier alternative financing provider for high-growth technology startups in MENA and SEA. The company offers Shariah-compliant, non-dilutive capital leveraging recurring revenue (ARR) as the basis for underwriting — a revenue-based financing model targeting VC-backed SaaS companies. The embedded finance angle is primarily on the liability side: Capifly connects to borrowers' financial and operational systems to assess creditworthiness and fund them, rather than embedding payments or banking products.
Capifly is founded in 2022 and headquartered in Riyadh, Saudi Arabia.
Capifly has raised $1M in total.
Get a read on where your own stack stands against Capifly and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.