What SILQFi does

SILQFi is the financial services arm of SILQ Group, providing embedded, Shariah-compliant financial infrastructure for B2B merchants in Saudi Arabia and the broader Gulf-Emerging Asia region. The company builds "merchant-first financial rails" spanning the full B2B journey from procurement to payments, including invoice financing, payment processing, and transactional banking capabilities. Following its September 2025 acquisition of OXO, SILQFi consolidated these services into the Omni unified financial platform; the company separately partnered with Helix in August 2025 to launch Shariah-compliant tokenized invoice financing that bridges DeFi and embedded finance.

The underlying technology stack integrates with major regional POS systems (Foodics, Rewaa, Odoo, Gedia), ERP platforms (Odoo, Microsoft Dynamics, Oracle NetSuite, Geidea), and payment service providers (Moyassir, HyperPay, Geidea), enabling embedded distribution into merchants' existing operational infrastructure. SILQFi is backed by $110M in funding closed in April 2025, led by Saudi Arabia's Sanabil with participation from Peter Thiel's Valar, and operates as part of SILQ Group formed through the 2023 merger of Bangladesh's ShopUp and Saudi Arabia's Sary.

SILQFi monetizes through transaction fees on its embedded financial services. Its go-to-market is enterprise B2B field sales targeting merchants with monthly B2B revenue between SAR 200,000 and SAR 5,000,000+, qualified through a detailed contact form capturing revenue, POS, ERP, and PSP information. Pricing is quote-based rather than publicly disclosed. The company is headquartered in Riyadh, Saudi Arabia, employs 101-250 people, and is led by founder and CEO Mohammed Aldossary.

Name

SILQFi

Legal name

SILQFi

Website

https://silqfi.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

101–250 employees

Short description

SILQFi is the financial arm of SILQ Group, providing embedded Shariah-compliant financial infrastructure (procurement, payments, invoice financing) for B2B merchants in Saudi Arabia and the broader Gulf-Emerging Asia region via the Omni platform.

Ownership category

akta.pro rank

Product category

B2B Embedded Finance

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Payment Gateways & API Connectivity (FSAGABAB)

akta.pro secondary industries

Omnichannel Gateway Enablement (Online + In-store) (FSAMACAH), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB), Open Banking APIs & Connectivity (FSAMAFAA)

Keywords

• Embedded finance
• B2B commerce
• Invoice financing
• Shariah-compliant finance
• Merchant financial services

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. B2B Financial Services: Embedded financial services for merchants covering procurement to payments, including invoice financing, payment processing, and transactional banking capabilities

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

SILQFi is the financial arm of SILQ Group, providing embedded, merchant-first financial rails that power B2B trade across procurement, payments, invoice financing, and transactional banking. The Omni platform integrates with merchant POS, ERP, and payment systems to deliver Shariah-compliant financial services spanning the full procurement-to-payments journey.

Product overview

SILQFi operates as the financial arm of SILQ Group, offering a unified merchant-first financial platform that provides next-generation rails for B2B trade. The core product SILQFi delivers services spanning from procurement to payments. Following the acquisition of OXO, SILQFi launched Omni as a unified financial solution. The company also offers Shariah-Compliant Tokenized Invoice Financing in partnership with Helix, which bridges DeFi and embedded finance. Together, these products form an integrated financial ecosystem designed to be Fast, Fair, Flexible, and Frictionless for merchants.

Differentiator

Problem solved

Functional benefit

Products and services

• SILQFi Platform

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature2 records

Partnerships

One partnership is on record.

• HelixcoreStrategic or Co-development Partner · 23 August 2025Strategic partnership to pioneer Shariah-compliant tokenized invoice financing, bridging DeFi and embedded finance. Joint development of innovative financial product combining blockchain technology with Islamic finance principles.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Sary: Saudi B2B commerce platform and SILQFi's parent predecessor. Directly comparable in target market (Saudi SMB merchants) and procurement-to-payment stack; SILQFi was carved out to financialise the same merchant base Sary already touches.
• ShopUp: Bangladesh B2B commerce platform and the other half of the SILQ Group merger. Directly comparable in serving SMB merchants with commerce plus embedded finance; effectively SILQFi's twin under the same parent.
• HyperPay: Leading Saudi payment gateway / PSP that SILQFi already integrates with. Directly competes in Saudi payment acceptance and is actively expanding upstack into embedded finance for merchants.
• Moyasar: Saudi online and in-store payment processor integrated into SILQFi's onboarding flow. Comparable as a Saudi SMB payment service provider targeting the same merchants via the same POS/ERP ecosystems.
• Geidea: Saudi merchant payments and POS provider referenced across SILQFi's POS and PSP integration lists. Directly comparable in serving Saudi SMBs with bundled payments and back-office infrastructure.

Broad incumbents

• Tabby: UAE/KSA-headquartered BNPL and consumer-payments player expanding into B2B and merchant financial services. Comparable in MENA merchant-embedded finance, but consumer-payments-led rather than B2B-invoice-led.
• Tamara: Saudi-origin BNPL platform extending into merchant services and B2B checkout. Comparable as a Saudi fintech expanding into merchant financial workflows, though anchored in consumer credit rather than B2B invoice financing.

Emerging players

• Foodics: Saudi restaurant-tech / POS provider that SILQFi integrates with and which increasingly offers payments and lending. Comparable ecosystem player; competes indirectly as POS-led fintechs layer financial services upward into SILQFi's territory.
• Lean Technologies: UAE-based open banking API platform providing bank connectivity for finance builders. Comparable to SILQFi's API-and-integration approach to moving money and onboarding merchants, with regional MENA overlap.
• NymCard: MENA payment-infrastructure provider offering issuing, acquiring, and orchestration APIs. Comparable as a MENA fintech infrastructure peer chasing embedded-finance and B2B-merchant payment volumes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Silqfi
• LinkedInlinkedin.com/company/silqfinancial
• Instagraminstagram.com/silqfi/?next=%2F

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SILQFi