Saudi B2B e-commerce and embedded finance platform SILQ has secured a $20 million Sharia-compliant structured financing facility from Gemcorp Capital. The deal is designed to expand SILQ’s lending capabilities for small and medium-sized enterprises (SMEs) across the Kingdom.
Quick Facts
- Funding Amount: $20 million in Sharia-compliant financing
- Lead Investor: Gemcorp Capital
- Core Mission: Expand invoice and trade finance for Saudi SMEs
Fueling SME Growth with Embedded Finance
The new capital will be channeled through SILQ’s Fina platform to scale its embedded financial services. The focus is on providing SMEs with critical liquidity solutions, including invoice financing and trade finance, directly within the digital ecosystem they use for daily operations.
This approach allows businesses to access funding without navigating traditional banking procedures, directly supporting their working capital needs and enabling smoother B2B trade. The move aligns with Saudi Arabia’s Vision 2030 goals of enhancing SME financing and fostering a robust digital economy.
Gemcorp Enters Saudi Market with Sharia-Compliant Deal
This transaction marks a significant milestone for Gemcorp Capital, representing both its first direct lending operation in the Saudi market and its first Sharia-compliant financing deal. The partnership aims to build a digital financial infrastructure that improves financial inclusion for the SME sector, which forms the backbone of the Saudi economy.
SILQ currently serves over 50,000 Saudi companies through its integrated Sary and Fina platforms, which combine procurement, payments, financing, and business operations management. The platform reported enabling over SAR 10 billion in B2B transactions since the beginning of 2026.
About SILQ
SILQ is a Saudi-based technology group that provides an integrated ecosystem for B2B e-commerce and embedded financial services. Through its Sary and Fina platforms, SILQ connects businesses with procurement, payment, and financing solutions, aiming to streamline operations and enhance access to capital for SMEs in Saudi Arabia and the wider Gulf region.
Source: Jawlah
