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Manafea provides crowdfunding-based debt and equity financing for small and medium enterprises.
Manafea Group Finance Company is a financial technology company founded in 2018 and based in Riyadh, Saudi Arabia. Its crowdfunding platform connects SMEs seeking debt or equity financing with individual and institutional investors. As of December 2022, it had funded more than 180 SMEs with more than SAR1.5 Billion through its platforms. In that month, it raised SAR 106 million in Series A funding co-led by Saudi Aramco Entrepreneurship Ventures and STV.
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