Funding Souq Partners with Qoyod to debut Embedded Financing to SMEs

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Funding Souq Editorial Team
Tech Writer
Mar 12, 2024
Funding Souq’s editorial team comprises experienced finance and investment professionals that are on a mission to fuel SME growth, create jobs, and drive the economy forward. They aim to share their extensive experience and industry know-how to empower entrepreneurs and investors alike.
Mar 12, 2024

Funding Souq is thrilled to partner up with Qoyod, Saudi Arabia's leading accounting software provider, to propel the prosperity of SMEs in the Kingdom.

Through this initiative, Funding Souq will seamlessly integrate financing options directly into Qoyod's advanced cloud accounting platform. This approach empowers SMEs to effortlessly access timely and flexible financing solutions, streamlining their growth initiatives and boosting overall business efficiency.

Empowering SMEs, Fueling Growth

"We are thrilled to partner with Qoyod to introduce embedded financing solutions to the heart of the Saudi SME ecosystem," said Martin Jaouni, Founder & CEO at Funding Souq.

"SMEs are the backbone of our economy, and we believe this collaboration, combining Qoyod's cutting-edge technology with Funding Souq's financing expertise, will be instrumental in empowering these businesses to flourish and contribute to the Kingdom's economic growth."

Tailored Financing Solutions

The embedded financing solutions offered through this partnership will cater to the specific needs of SMEs, providing access to a diverse range of financing options, including:

  • Working capital loans

  • Equipment Financing

  • Trade finance

By leveraging Qoyod's extensive network of SMEs and Funding Souq's proven track record in financial services, the partnership is committed to delivering competitive profit rates, flexible repayment terms, and a streamlined application process for SMEs.

This partnership signifies a significant step forward in enhancing financial inclusion for SMEs in Saudi Arabia. Stay tuned for further updates on this exciting development!

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