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HomeSaudi ArabiaFintech company Hala will get SAMA approval to provide debt-based crowdfunding answers

Fintech company Hala will get SAMA approval to provide debt-based crowdfunding answers



RIYADH: Saudi businesses are set to gain access to new crowdfunding solutions as Hala Payments Co. has received licensing approval from the Kingdom’s central bank to offer debt-based products. 

The Saudi-based fintech platform offers inbound and outbound payment options to small and medium enterprises, with over 50,000 merchants currently using its services, according to its website. 

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