Forus, a debt crowdfunding company, licensed by the Saudi Central Bank, and Jahez, a food delivery service in Saudi Arabia, are partnering to provide instant interest-free business loans to Jahez’s restaurant owners. The agreement is worth almost 2 billion SAR.

This partnership will allow restaurant owners to access instant loans of up to 500,000 SAR with flexible repayment plans. 

The partnership between Forus and Jahez is designed to meet the evolving financial needs of small and medium-sized enterprises (SMEs) in the restaurant industry, providing them with the necessary funding to grow their businesses and stay competitive in a rapidly changing market.

With Forus’ BNPL solution, restaurant owners will be able to unlock their business potential and access the funds they need to buy from merchant networks, and fulfill their customers’ demands. 

“We are thrilled to join forces with Jahez to bring our BNPL interest-free business loan solutions to the restaurant industry. Together, we are committed to empowering SMEs and helping them reach their full potential,” Nosaibah Alrajhi, CEO of Forus, said. 

The partnership between Forus and Jahez will provide restaurant owners with a fast and easy loan application process, instant approval, and access to funds. With three flexible repayment plans, restaurant owners will be able to choose the plan that works best for their business and budget.