Tameed Debt Crowd Lending Platform offers shariah-compliant financing for local SMEs for their government purchase orders by pooling individual investors who are looking for investment opportunities. The company facilitated SME funding exceeding $117 million, with a 285% growth in total financing amount in 2023. It has more than 22,800 active investors, and its app has been downloaded over 50,000 times. Tameed raised $15 million in a Series A funding round led by Alromaih Investments in December 2023. The company obtained its operating license from the Saudi Central Bank (SAMA) in January 2023. Before that, it was operating within SAMA’s FinTech Sandbox.