Riyadh - Sharikat Mubasher: Moneymoon, a pioneering peer-to-peer (P2P) personal lending platform in Saudi Arabia and MENA, successfully secured SAR 11 million in a pre-Series A funding round led by Core Vision, with participation from several family offices and angel investors.

The round was revealed during the Money 20/20 Middle East conference, which convened in the Saudi Capital from 15 to 17 September.

Founded in 2023 and authorized by the Saudi Central Bank (SAMA) under its Regulatory Sandbox, Moneymoon is the first P2P fintech for individuals offering small, short-term financing solutions.

It is committed to providing an innovative and secure financial experience, compliant with Islamic Sharia principles, through a financing structure based on Tawarruq and Murabaha.

The Money 20/20 Middle East gathered more than 450 global and regional fintech brands and over 1,050 investors from around the globe.

Co-organized by Fintech Saudi and Tahaluf, the conference addressed key topics shaping the future of the financial sector, including artificial intelligence (AI) in financial services, open banking and open finance, instant payments, and data governance and regulations.

With the theme “Where Money Does Business,” Money20/20 Middle East featured dedicated partnership pavilions, executive networking lounges, and curated meeting programs to maximize ROI for sponsors and exhibitors.