Partners for Growth (PFG), the global growth debt provider founded in Silicon Valley in 2004, has marked five years since beginning operations in the Gulf Cooperation Council (GCC). Since 2020, the firm has committed over $300 million to companies in the region, part of more than $2.1 billion in global loan commitments to date across 250+ portfolio companies in over 15 countries.
PFG provides structured debt facilities for scaling technology‑led businesses, offering an alternative to equity funding. In the GCC, it has financed companies including Tabby, TruKKer, Bayzat, Syarah, Huspy, and Silkhaus. The firm says these facilities are designed for sectors such as fintech, SaaS, and digital health, where access to conventional bank debt is often limited due to the absence of fixed assets, profitability history, or collateral.
The firm has also introduced Sharia‑compliant financing structures and partnered with Saudi Venture Capital Company (SVC) and PIF‑backed Jada to expand its deployment capacity. Five years ago, growth debt was virtually unknown in the GCC; today, demand has increased as founders look to extend runway and fund expansion without significant dilution.
“PFG took the time to understand the nuances of our business and built a financing solution tailored to our growth journey,” said Hosam Arab, Co‑founder and CEO at Tabby. “Their facility allowed us to scale our merchant base, launch new services, and respond swiftly to evolving market demands, which were instrumental steps in enabling us to successfully complete our Series E fundraising earlier this year. PFG is more than just a lender – it is a strategic growth partner.”
Amit Agarwal, Chief Financial Officer at TruKKer, said: “PFG’s entry into the region with their first venture debt investment marked a significant milestone for both of us. At a pivotal stage of TruKKer’s growth, their partnership enabled us to unlock working capital solutions, scale faster, and support instant payments to thousands of transporters across our platform. PFG’s global venture debt expertise was instrumental, and we’re proud to be part of their expanding portfolio.”
Salah Sharef, Co‑founder and CEO at Syarah, remarked: “Our partnership with PFG was instrumental for our growth. The warehouse facility gave us the flexibility to triple our fleet and scale inventory efficiently, without diluting equity. What sets PFG apart is that their structure evolves with us and continues to fuel our regional expansion.
PFG says it will continue to grow its GCC portfolio in line with national economic diversification agendas in Saudi Arabia and the UAE, positioning growth debt as a more widely used component of the region’s capital stack.
