SAMA Permits 2 Fintech Innovators to Join its Regulatory Sandbox
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The Saudi Central Bank (SAMA) has permitted “Manafa for Debt-Based Crowdfunding" and “Tawrid for Financial solutions" to test their supply chain finance solutions within SAMA's Regulatory Sandbox.
With these additions, the total number of FinTech companies currently operating under SAMA's Regulatory Sandbox increased to 25. This underscores SAMA's continued efforts in the development of the Saudi FinTech sector and its commitment to promoting financial inclusion and innovation.
The Saudi Central Bank (SAMA) emphasizes the importance of dealing exclusively with authorized financial institutions. To view licensed and permitted financial institutions, visit SAMA's official website.
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