Riyadh - Sharikat Mubasher: The Saudi Central Bank (SAMA) licensed Dnaneer Financing Company to provide crowdfunding solutions, raising the number of authorized companies offering debt-based crowdfunding solutions in the Kingdom to 8, a statement by SAMA revealed.

This decision cements SAMA’s commitment to supporting the financial sector, elevating the efficiency of financial transactions, and promoting innovative financial solutions for financial inclusion in the Kingdom.

The national bank emphasized the importance of dealing exclusively with authorized financial institutions.

Dnaneer is a lending platform that connects recurring revenue businesses with investors in Saudi Arabia. It offers various investment opportunities to investors while providing financing to businesses that have a steady stream of revenue.