Funding Gate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It’s no secret that access to finance for small and medium enterprises is vital for their growth and innovation. In the Middle East and North Africa region, SMEs account for 97 percent of businesses and employ half of the overall labor force. Therefore, a thriving SME sector can fuel growth and innovation for an entire region. Saudi Arabia’s objective here is perfectly clear:

Monsha’at, Saudi Arabia’s General Authority for Small and Medium Enterprises (SMEs), yesterday announced an 884 percent year-on-year increase in SME borrowing on Funding Gate (Tamweel), the online financing platform. While Monsha’at does not lend directly, Funding Gate provides an automated lending platform that aggregates financial products and expedites the delivery of