SILQ has closed US$100 million (SAR376 million) in financing facilities from Fasanara Capital, Gemcorp Capital, and Amwal Capital Partners. The funding expands Fina, its embedded finance platform, giving small businesses across Saudi Arabia working capital through the digital tools they already use.
— SILQ has closed US$100 million (SAR376 million) in financing facilities from Fasanara Capital, Gemcorp Capital, and Amwal Capital Partners, one year on from the merger of Sary and ShopUp that created the company. The capital will expand Fina, SILQ’s embedded finance platform, which lets businesses draw working capital inside the digital workflows where they already buy, sell, and manage day-to-day operations.
Image courtesy of SILQ
SILQ was formed in 2025 when Sary, a B2B marketplace in the Gulf, combined with ShopUp, a B2B commerce platform in South Asia. As more merchants ran purchasing and payments through the platform, the same request kept surfacing: access to working capital. Fina grew out of that demand. Rather than sending businesses through a separate lending process, it places financing inside the systems they already use.
Scale Across Saudi Arabia
Across its first year, SILQ has grown from a commerce platform into a connected network spanning commerce, payments, digital operations, and embedded financing. It now supports more than 50,000 businesses in Saudi Arabia and forms part of a wider group serving over 300,000 merchants across the Gulf and South Asia. In Saudi Arabia alone, the company reports that its platform has enabled more than SAR20 billion in transaction volume to date.
Mohammed Aldossary, Co-founder and CEO, SILQ, Financial Services, said:
“The US$100 million (SAR376 million) milestone is an important validation of where we believe B2B commerce is heading. We have spent years working alongside merchants, helping them source inventory, manage operations, and grow their businesses. Throughout that journey, one challenge consistently stood above the rest: liquidity. Fina wasn’t built because we wanted to become a financial services company. It was built because our merchants needed capital that understands how they operate. By embedding financing directly into commerce, we’re making access to working capital faster, more relevant, and naturally connected to the way businesses already run. This funding allows us to continue building the financial infrastructure that modern businesses deserve.”
SAR3 Billion in Financing Planned for This Year
Over the past twelve months, Fina has facilitated more than SAR1.5 billion in financing, and the company is targeting SAR3 billion in liquidity deployment this year, directed at small businesses seeking working capital within their everyday operations. The backing from Fasanara Capital, Gemcorp Capital, and Amwal Capital Partners reflects growing conviction among regional and international investors that embedded financing is becoming a core part of B2B commerce, alongside confidence in the resilience of Saudi Arabia’s business economy.
With the facilities in place, SILQ says its focus for the year ahead is straightforward: put more working capital in the hands of the merchants already running on its platform, and keep building the financial infrastructure for B2B commerce across the Gulf and South Asia.
About SILQ
SILQ is building the financial infrastructure for businesses across the Gulf and South Asia.
Founded in 2025 through the merger of Sary, MENA’s leading B2B marketplace, and ShopUp, South Asia’s largest B2B commerce platform, SILQ is reshaping how businesses access financial services by embedding financing directly into the flow of commerce.
Through its ecosystem spanning commerce, payments, digital operations, embedded financing, and automation, SILQ enables businesses to start, transact, and grow through the platforms they already use every day.
Contact Info:
Name: Raquib Chowdhury
Email: Send Email
Organization: SILQ
Website: https://silq.net/
Release ID: 89200234
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