Foras
Curated by SignalCommercial lending marketplace connecting businesses with diverse financing options.
Overview
Foras functions as a commercial lending marketplace that connects businesses in Saudi Arabia with various lenders. The platform features a selection of financing products, such as working capital funding, cash advances against invoices, and point of sale financing. By consolidating different loan options, Foras allows businesses to compare terms, interest rates, and eligibility criteria, which may facilitate the loan application process. The platform complies with Islamic Sharia law, which governs its financing solutions. Foras targets businesses that are experiencing financial difficulties, with the objective of enhancing their access to funding to support growth and operational requirements in a competitive environment.
Key facts
- Founded
- 2019
- Headquarters
- Riyadh, Saudi Arabia
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Lending
Business model
- GTM channel
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- 3 products and services
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- Commercial model
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Contact
- Primary office
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- Phone
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