• Joining the ranks of authorized companies, “Dnaneer Financing Company” enriches the Saudi financial landscape, contributing to a diverse array of financial services.
• SAMA’s decision reflects its commitment to fostering a dynamic and inclusive financial sector through the promotion of innovative solutions. 
• With the addition of “Dnaneer Financing Company,” the total number of finance companies licensed by SAMA reaches an impressive 57. This highlights the increasing demand for diverse financial services in Saudi Arabia.

The Saudi Central Bank (SAMA) has granted a license to “Dnaneer Financing Company” to provide debt-based crowdfunding solutions, according to an official statement.

Dnaneer, a Saudi-based debt financing platform to provide non-dilutive financing to tech-based companies in Saudi by leveraging debt crowdfunding model. Dnaneer allow asset-light companies to convert their annual recurring revenue (ARR) into upfront cash without relinquishing ownership.

This unique offering makes Dnaneera, catering to the needs of both businesses and investors seeking to invest in stable recurring revenue streams.

Dnaneer was founded by Abdullah Al-Omair (CEO) and Bader Aljuhani (COO), who bring a wealth of experience in the banking and technology industry. This expertise positions Dnaneer to effectively serve the needs of its target market, which comprises businesses seeking non-dilutive financing to fund their growth.

“Our platform will enable these next-generation companies to leverage their future revenues in the Saudi landscape,” stated Abdullah Al-Omair, co-founder and CEO of Dnaneer. “With a $50 billion target market, tech-based companies are just the beginning. Our flexible and adaptable financing solution extend to a wide range of businesses.” Al-Omair further asserted.  Our primary objective is to establish Dnaneer as the leading player in this category within Saudi Arabia”.

The issuance of this license brings the total number of finance companies licensed by SAMA to an impressive 57.

“Dnaneer Financing Company” joins the cohort of authorized companies facilitating debt-based crowdfunding, contributing to the diverse array of financial services available in the Saudi market. This strategic move aligns with SAMA’s commitment to fostering a dynamic and inclusive financial sector.

The decision to license “Dnaneer Financing Company” underscores SAMA’s dedication to supporting the financial sector and enhancing the efficiency of financial transactions within the Kingdom. 

The addition of “Dnaneer Financing Company” to the list of licensed entities offering debt-based crowdfunding solutions highlights the growing interest and demand for such financial services in Saudi Arabia. 

The Kingdom’s financial ecosystem continues to evolve, providing individuals and businesses with diverse options for raising funds and participating in investment opportunities.

SAMA emphasizes the importance of dealing exclusively with authorized financial institutions. 

This directive serves to protect consumers, ensuring that they enghttps://dnaneer.com/raise-fund/age with reputable and regulated entities that adhere to established financial standards and guidelines. 

Individuals seeking information on licensed and permitted financial institutions can visit SAMA’s official website for a comprehensive and up-to-date list.

This licensing decision by SAMA not only enriches the financial landscape but also takes a crucial step toward fostering financial inclusion in Saudi Arabia. 

By providing a platform for debt-based crowdfunding, “Dnaneer Financing Company” opens avenues for diverse groups of individuals and businesses to participate in the financial markets, promoting economic growth and stability.