Forus, a leading crowdlending platform in Saudi Arabia, has secured a $60 million securitization debt facility from London-based Fasanara Capital. The funding will help Forus expand its SME lending operations, furthering its goal of becoming a top non-bank provider of working capital in the region. Since launching in 2020, Forus has financed over $390 million for 400+ SMEs, supporting Saudi Vision 2030’s goal of increasing SME contributions to GDP. Fasanara, which has funded over $80 billion globally, sees this partnership as a key step in strengthening Saudi Arabia’s SME ecosystem.

Fintech Lender Forus Secures $60 Million Debt Facility from Fasanara to Power SME Growth in Saudi Arabia