Tarmeez Capital Secures First Institutional Investment to Propel Saudi Fintech Growth

Malaz Madani

Last updated 14-07-2025

3 min

Tarmeez Capital has secured its first institutional investment to expand Shariah-compliant sukuk offerings.

The startup swiftly acquired over 180,000 users and facilitated SAR 2 billion in financing.

Saudi Arabia's corporate debt market reached SAR 140 billion, with digital platforms seeing growth.

Tarmeez's rapid digital issuance appeals to investors, aligning with Saudi Vision 2030's digitisation goals.

The fintech scene advances as National Development Fund bolsters private-sector growth with substantial credit agreements.

The Saudi fintech scene continues to gain traction, with Tarmeez Capital recently securing its very first institutional investment. The move is a milestone for the startup as it seeks to grow its offerings in Shariah-compliant sukuk and other debt instruments. And believe it or not, the funding aligns perfectly with stc Group's wider strategy of bolstering digital finance ventures that enhance access to capital across the Kingdom.

Tarmeez Capital has emerged as a major player in a relatively short time, acquiring over 180,000 users and facilitating more than SAR 2 billion worth of financing through sukuk and digital debt. One impressive claim they make is that their digital issuance process is seven times quicker than the traditional methods—which, let's be honest, can often be a bit of a faff.

The timing couldn't be better either. Saudi Arabia's corporate debt market hit a sizeable SAR 140 billion last year, with sukuk and bond issuances made via CMA-licenced digital platforms climbing to SAR 3.5 billion—a whopping 127.36% jump from the previous year. It's clear the sector is seriously gathering momentum.

On a more personal note, we've seen at Arageek how critical streamlined digital solutions are in supporting startups and SMEs throughout the MENA region. A process that's seven times faster? I'm chuffed to bits hearing those kind of stats, as efficiency really can mean make-or-break for smaller businesses.

Looking at the numbers, Tarmeez Capital has impressively grown its sukuk issuance activities by 459% within one year alone. I reckon investors are taking note of such strides, particularly considering the Saudi Vision 2030 goals, which emphasise digitisation and financial inclusion across the capital markets.

Besides, Tarmeez's products are versatile enough to entice both institutional investors and individual retail clients alike, so they're clearly onto something.

This recent funding undoubtedly positions Tarmeez Capital to tap into that increasing demand, supporting broader shifts towards digitisation in line with the Kingdom’s economic agenda. And while that's happening, Saudi Arabia continues rolling out new initiatives to boost infrastructure for startups and private-sector firms under Vision 2030. For example, Tasama has recently stepped up its offering in HR, accounting, procurement and digital solutions.

Meanwhile, the National Development Fund has signed off on two hefty credit facility agreements valued at SAR 5 billion each, further reinforcing the Kingdom’s commitment to private-sector growth and strategic investments.

It's definately an exciting moment for Saudi Arabia's startup ecosystem, particularly fintech. Tarmeez Capital's funding round is another indication that the market means serious business.

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