Saudi Fintech Tarmeez Capital Secures Strategic Investment from Tali Ventures
Saudi Arabian fintech startup Tarmeez Capital, a pioneer in streamlining sukuk issuance, has announced a successful strategic funding round led by Tali Ventures, the corporate venture capital arm of stc group. This investment marks a significant step for Tarmeez Capital, transitioning from a bootstrapped venture to a company backed by a major national investor. The funding will fuel the platform’s expansion, aiming to increase retail access to sukuk and contribute to Saudi Arabia’s Vision 2030 financial inclusion objectives.
Revolutionizing Sukuk Issuance with Fintech Innovation
Founded in 2022 by Nasser Alsaadoun, Tarmeez Capital has quickly emerged as a leading player in the sukuk and debt instruments space. The platform leverages technology to expedite the sukuk issuance process, achieving a remarkable 7x speed increase compared to traditional methods. This efficiency has already benefited over 180,000 users by providing easier access to Islamic finance solutions. The investment from Tali Ventures will support Tarmeez Capital’s ambitions to scale its platform and solidify its position in the rapidly evolving fintech landscape, further contributing to the deepening of the Kingdom’s capital markets, and potentially providing models for future African tech startups.
In conclusion, this strategic investment represents a significant endorsement of Tarmeez Capital’s innovative approach to Islamic finance. With the backing of stc group’s Tali Ventures, the company is well-positioned to accelerate its growth, broaden its reach, and contribute to the broader financial inclusion goals outlined in Saudi Arabia’s Vision 2030. This represents a promising moment in the Kingdom’s fintech scene.
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