Capifly
“Can a Shariah-compliant revenue-based lender become the go-to non-dilutive capital source for VC-backed SaaS startups across MENA and SEA?”
Founded2022
HQRiyadh, Saudi Arabia
Total raised$1M
IndustryFintech / Lending
The story
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.
Last 12 months
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Product timeline
2022
Capifly founded in Riyadh, Saudi Arabia as a Shariah-compliant revenue-based financing platform targeting MENA and SEA tech startups.· lending
2023
Expanded team presence across Jordan, Lebanon, Saudi Arabia, and UAE; began offering non-dilutive capital up to $1M for SaaS companies with $250K+ ARR.· lending
The stack
1 layer disclosed in Capifly’s embedded-finance stack
Lending
Non-dilutive revenue-based financingShariah-compliant capital for SaaS startupsWorking capital up to $1M
Accounting gap: significant