Manafa

Active

A SAMA-licensed debt-based crowdfunding platform connecting Saudi SMEs seeking supply-chain, invoice, payroll and working-capital financing with retail and institutional investors.

Riyadh, Saudi ArabiaFounded 2018

Fintech

Series A

Website

Manafa is a Riyadh-based fintech founded in 2018 by Abdulaziz Al-Adwani and Amr Murad, operating a Saudi Central Bank (SAMA)-licensed crowdfunding platform for SME debt financing. It has funded more than 180 SMEs through over 190,000 registered investors, and raised a $28 million (SAR 106 million) Series A in December 2022 led by STV and Wa'ed Ventures.

Founders

Abdulaziz Al-Adwani

Founder & CEO

Amr Murad

Co-founder & Chairman

Funding Rounds

Series ADec 2022

$28M

Lead: STV

Investors: STV, Wa'ed Ventures

Investors: STV, Wa'ed Ventures.

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