Manafa provides financial products tailored to fulfil the needs of SMEs across various sectors by offering debt and equity financing based on a crowdfunding model that allows institutional and individual investors to access SME financing opportunities. Founded in 2018 by Abdulaziz Al-Adwan and Amr Murad, Manafa is based in Saudi Arabia. Its platforms are licensed by the Saudi Central Bank (SAMA) and the Saudi Capital Market Authority (CMA). To date, Manafa has funded more than 180 SMEs, with total funding of more than SAR1.5 billion through its platforms and participation from more than 100,000 retail and institutional investors. The company plans to use new funds to accelerate growth in Saudi Arabia and expand its offering with the launch of several products and financing solutions, and to double the number of investors on its platform.

Total raised

$28M

Funding rounds

1

Latest round

Series A

Latest activity

Dec 2022