Safqah Capital Raises $15.2m to Expand Saudi Real Estate FinTech

Riyadh, Saudi Arabia: Saudi-based FinTech Safqah Capital has secured $15.2 million in an oversubscribed seed funding round, positioning the company among the Kingdom’s most closely watched early-stage platforms operating at the intersection of real estate and capital markets.

The raise ranks among the largest pure-equity seed rounds in Saudi Arabia to date, underscoring strong investor confidence in the Kingdom’s rapidly evolving property finance ecosystem.

The round was led by anb Seed Fund, Shorooq and Rua Growth Fund, with participation from Sharaka Capital, COTU Ventures, Sadu Capital, 500 Global, Suhail Ventures, MEVP, Waad Invest, JOA Capital and other institutional and venture backers.

Bridging a Structural Gap in Saudi Real Estate Finance

While Saudi Arabia’s giga-projects continue to capture global headlines, a significant portion of the Kingdom’s housing and commercial delivery pipeline remains in the hands of small and medium-sized developers. These developers often face prolonged approval cycles and conservative underwriting standards from traditional banking institutions.

Safqah Capital addresses this structural financing gap by enabling faster, more transparent access to Shariah-compliant debt capital tailored specifically to SME developers.

Over the past 18 months, the platform has financed more than 70 development projects across Saudi Arabia, representing a combined project value exceeding $800 million. The company reports a zero-default track record to date, with loans collateralised at more than 248% and disbursed under a milestone-based framework that aligns funding release with verified construction progress.

Authorised by the Kingdom’s Capital Market Authority to offer and enable investment in debt instruments, Safqah integrates real estate underwriting, structured finance and developer-focused software within a unified digital workflow.

Scaling Technology and AI-Driven Underwriting

The newly raised capital will be deployed to enhance Safqah’s digital infrastructure, with a particular focus on advancing AI-driven tools for underwriting, risk assessment and project monitoring. The company also intends to expand its financing capacity to accommodate growing demand, increasing both the volume and scale of funded developments as market activity accelerates.

Beyond financing, Safqah positions itself as foundational infrastructure for Saudi Arabia’s real estate sector. The platform provides developers with tools to manage capital and projects more efficiently, while offering investors access to diversified, asset-backed exposure supported by structured underwriting and data-led reporting frameworks.

Safqah Capital CEO Abdullah Alsubaie said,

Banks were not built for developers — we were. We’ve engineered an ecosystem where developers can access capital faster, accelerate project delivery, and improve capital efficiency while strengthening monitoring and risk controls for all stakeholders.

anb capital CEO Khalid S. Alghamdi said,

We are very pleased to co-lead the investment in Safqah, as part of our commitment to supporting technology-enabled financial platforms that contribute to the Kingdom’s Vision 2030. Safqah brings together technological innovation and strong credit governance to deliver more efficient and transparent financing solutions for real estate developers across the region. We believe the company is well positioned to support the evolution of the real estate and financial services sectors, enhance capital market efficiency, and contribute to sustainable economic growth in Saudi Arabia.

As Saudi Arabia advances its Vision 2030 agenda, platforms such as Safqah are emerging as critical enablers of capital market efficiency, SME developer empowerment, and sustainable real estate growth.