What is Manafa Capital?
Founded in 2018 by Abdulaziz Al-Adwani, Manafa Capital is a Riyadh-based financial technology company dedicated to serving Small and Medium-sized Enterprises (SMEs). The company specializes in providing tailored financial products, including debt and equity financing, through an innovative crowdfunding model. This platform enables institutional investors, such as financial institutions and investment funds, as well as individual investors, to access financing opportunities within the SME market via debt and equity securities.
How much funding has Manafa Capital raised?
Manafa Capital has raised a total of $28.2M across 1 funding round:
Series A
$28.2M
Series A (2022): $28.2M with participation from STV
Key Investors in Manafa Capital
STV
STV is a professional services firm with a long history, providing engineering, architecture, planning, and construction management services. Their involvement suggests a strategic alignment with infrastructure or large-scale project financing, potentially indicating a broader vision for Manafa Capital's growth and operational capacity.
What's next for Manafa Capital?
The recent major strategic investment in Manafa Capital, following its Series A funding round, indicates a strong growth trajectory and market confidence. This capital infusion is likely to fuel further expansion of its product offerings, enhancement of its crowdfunding platform, and broader market penetration within Saudi Arabia and potentially beyond. The company's focus on bridging the financing gap for SMEs positions it for significant impact in the region's economic development.
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