The Saudi Central Bank (SAMA) has permitted Manafa for Debt-Based Crowdfunding and Tawrid for Financial Solutions to test supply chain finance solutions within its Regulatory Sandbox. The approvals increase the number of FinTech companies currently operating in the sandbox to 25. SAMA linked the additions to its work to develop the Saudi FinTech sector and promote financial inclusion and innovation, and reiterated that customers should deal exclusively with authorized financial institutions, with licensed and permitted firms listed on its website.
Saudi Arabian Monetary Authority 2025-09-16
Saudi Central Bank admits Manafa and Tawrid to its regulatory sandbox for supply chain finance testing, taking participants to 25
The Saudi Central Bank (SAMA) has authorized Manafa for Debt-Based Crowdfunding and Tawrid for Financial Solutions to test supply chain finance solutions in its Regulatory Sandbox, increasing the total FinTech companies there to 25. SAMA emphasized its commitment to developing the Saudi FinTech sector and promoting financial inclusion and innovation. Customers are advised to engage only with authorized financial institutions listed on SAMA's website.