Bundle raises US$5.5M to help Asian SMEs pool rewards budgets
For small businesses, customer rewards are often a frustrating trade-off. A discount can bring in a buyer, but it eats into margin. Cashback can nudge a transaction, but it is now so common that many consumers barely notice it. Larger companies can absorb the cost of eye-catching giveaways or loyalty campaigns; most SMEs cannot. Bundle, […] The post Bundle raises US$5.5M to help Asian SMEs pool…
Saudi fintech platform SILQ has secured $20 million in Shariah-compliant financing from Gemcorp Capital to scale its embedded financial services for SMEs in Saudi Arabia. The investment will be used to expand invoice financing, trade finance, and other embedded financial solutions through SILQ's B2B commerce platform, Fina. This marks Gemcorp's first direct lending transaction, first Shariah-compliant financing structure, and first mezzanine facility in the Kingdom, aligning with Vision 2030's financial inclusion goals.
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