Ta3meed Announce Their
“Can a SAMA-licensed Islamic crowdlending platform become the default trade finance and embedded working-capital layer for Saudi SMEs holding government purchase orders?”
Founded2019
HQRiyadh, Saudi Arabia
Total raised$15M
Latest roundSeries A, January 2024
IndustryFintech / Lending
The story
Founded in 2019 as Saudi Arabia's first debt-based crowdlending platform specialising in government purchase order (PO) financing for SMEs. Operating initially within SAMA's FinTech Sandbox, it obtained its full SAMA licence in 2023. Partnered with Mambu in 2021 to power its core lending infrastructure with a SaaS banking engine. Expanded from direct PO financing into embedded B2B BNPL (Tameed AJEL) and e-invoicing, positioning itself as a broader SME trade finance platform underpinned by Islamic finance principles.
Product timeline
2019
Ta3meed founded as an Islamic FinTech company focused on government purchase order (PO) financing for Saudi SMEs.· lending
2021
Announced strategic partnership with Mambu to integrate its SaaS core banking platform into Ta3meed's automated PO financing platform.· banking
2023
Obtained full operating licence from the Saudi Central Bank (SAMA) for debt-based crowdfunding; previously operated within SAMA's FinTech Sandbox.· lending
2024
Closed SAR 56.75M ($15M) Series A funding round led by Alromaih Investments to accelerate growth and expand digital lending products.· lending
2024
Launched Tameed AJEL, an embedded B2B buy-now-pay-later / Murabaha financing product for suppliers and merchants (30/60/90 day payment terms).· lending
2024
Launched free ZATCA-compliant e-invoicing service for B2B accounts payable management.· pivot
Regulated entities
Debt-Based Crowdfunding License
Saudi Arabia (SAMA) · 2023
شركة منصة تعميد للتمويل الجماعي بالدين
The stack
Banking / BaaS
Lending
Accounting gap: significant