Saudi‑based RIFD, a Shariah‑compliant SME receivables securitisation platform, has secured a strategic investment from global VC firm Antler.
Founded in 2024 by Abdulrahman AlDakheel, RIFD facilitates institutional financing for SME suppliers by securitising receivables from large, creditworthy corporations, unlocking supply chain liquidity while maintaining a fully compliant structure.
The funding will accelerate the build‑out of Saudi Arabia’s first institutional‑grade infrastructure for securitising SME receivables, aimed at lowering financing costs for small businesses and providing risk‑adjusted returns for institutional investors.
The move comes as SME credit in the Kingdom reached SAR 351.7B in Q4 2024, up 27.6% year‑on‑year, while receivables‑based financing still accounts for less than 6% of the total market.
RIFD was recently selected for the Ministry of Communications and Information Technology’s Tech Champions 5 program. Its first pilot transaction is underway, with multiple institutional partnerships in progress.
