Funding Souq is a crowdfunding platform that connects established businesses with investors. The platform uses technology to connect both parties through the principle of crowdfunding, - i.e. raising small amounts of funds from many individuals.
Yes, Funding Souq is committed to offering investment and borrowing opportunities that align with the principles of Shariah. We are certified by Dar Al Sharia, a subsidiary of Dubai Islamic Bank. To view our Sharia certificated you can click here.
Step into a world where profits, security, and SME growth go hand in hand. Our platform provides data-backed investments, diverse opportunities, and a nurturing environment for small and medium enterprises.
Empowering Investors with Intelligent Solutions!
1. Monthly Passive Income: Discover smart investing with monthly repayments, offering you a steady passive income. with options for automated investment, helping to maximize your returns.
2. Investing For All: making it easy, accessible, and exciting fo everyone!
3. Diverse Opportunities: Gain exclusive access to attractive markets in the UAE, KSA. Our platform connects you to a variety of diverse investment opportunities.
4. Data-Driven Decisions: Make smarter investment choices with our data-driven approach to assessing SME lending risks and enhancing credit model performance.
Supporting SMEs Towards Unprecedented Growth!
1. Quick Funding Approval: With our 3-day funding approval process, take your first step towards securing your business growth.
2. Affordable, Customized Rates: We offer competitive, customized rates tailored to your needs, supporting your business's growth with affordable financial solutions.
3. Hassle-free Approach: No need to open a bank account.
Choose Funding Souq for smart investment and empowered growth.
Funding Souq has the best in breed security features such as encryption, identity and access management, and network security. These features are applied across the whole platform from the holding of data, application access, web communications, and back office operations. We are committed to implement and continuously improve security-aware software development, operational management, and threat-mitigation practices that are essential to the strong protection of services and data.
All returns presented are net of fees, i.e. investors are expected to receive the returns which are presented to them on the platform.
Borrowers get charged an origination fee that is dependent on the riskiness of the underlying business and the tenure of the finance. The fee varies from 2-5%. Funding Souq does not charge any additional fees.
Funding Souq has a Business Cessation Plan that is reviewed on an annual basis. If the business ceases to trade the uninvested funds will be returned to the respective investors’ bank accounts. All existing financing contracts will remain valid, legally binding and installments will continue to be collected as projected.
If you are dissatisfied with Funding Souq’s service, we urge you to email our Compliance department at [email protected]. Our team will investigate the matter with the aim of understanding whether we have acted fairly and within our contractual obligations. Upon concluding the investigation, a final written response will be provided.
The platform acts as a marketplace for investors who are looking to invest their money and businesses that are seeking funding. Investors can register on the website and if approved they will be allowed to deposit funds onto the platform or invest to businesses directly. As the businesses repay, the investor can choose whether to re-invest or withdraw their funds. Businesses that are seeking to borrow funds can go through the registration process and if successful they will be asked to provide supporting documents. Once received, Funding Souq will conduct an extensive due diligence on the underlying business and in turn either approve or reject the financing request. If approved, a fundraising campaign will be launched, and approved investors will have the option to finance the request. Conditional to the finance request being fully funded, the funds will be released and sent to the business. Funding Souq will manage the repayment process and facilitate instalments made by the borrowers to the corresponding investors.
Funding Souq is currently in the process of getting regulated by the Saudi Central Bank (SAMA) to operate a Debt crowdfunding platform.
Debt-based crowdfunding, often referred to as peer-to-peer (P2P) lending, is a contemporary financing method where investors—both individuals and institutions—provide capital to businesses or other individuals through online platforms.
Crowdfunding platforms are making investments more accessible and democratic. They allow investors, regardless of experience, to contribute any amount towards needed capital. This opens up new investment opportunities to a wider audience. Additionally,The platforms are responsible for assessing the feasibility of businesses or projects that they introduce to their users.
While debt-based crowdfunding introduces new opportunities for investment and funding needs, especially in small and medium-sized businesses, it's important to be aware of the shared risks involved. Potential investors are advised to understand the risks before participating.
In summary, debt-based crowdfunding platforms represent an evolving financial tool, reshaping how we approach investing and financing in business and offering a valuable, ethically-oriented option in today's diverse financial landscape.