Saudi-based B2B e-commerce and embedded finance platform SILQ has secured a $20 million Shariah-compliant structured financing facility from Gemcorp Capital to accelerate the expansion of its embedded financial services.
The new financing will support the growth of Fina, SILQ’s embedded finance platform, with a particular focus on invoice financing and trade finance solutions tailored for small and medium-sized enterprises (SMEs) across Saudi Arabia.
Supporting SME Growth in Saudi Arabia
The funding is designed to improve access to working capital for SMEs, helping businesses finance purchases, manage cash flow, and expand operations. SMEs play a vital role in Saudi Arabia’s economy, making access to flexible and Shariah-compliant financing increasingly important.
By expanding its financing capabilities, SILQ aims to strengthen financial inclusion while addressing the evolving funding needs of businesses operating in the Kingdom.
Serving More Than 50,000 Saudi Businesses
SILQ currently serves more than 50,000 Saudi businesses through its Sary and Fina platforms, offering an integrated ecosystem that combines procurement, payments, financing, and business operations management.
Since the beginning of 2026, the SILQ ecosystem has facilitated more than SAR 10 billion in B2B transactions, highlighting the growing adoption of its digital commerce and embedded finance solutions.
Expanding Embedded Finance Across the Gulf
The new financing aligns with SILQ’s long-term strategy to expand embedded financial services and deliver integrated financing solutions for SMEs in Saudi Arabia and the wider Gulf region.
The company expects the facility to strengthen its ability to provide trade finance and invoice financing products while further integrating financial services into its digital commerce platform, supporting business growth and operational efficiency.
Read the article in
