Emkan Finance
- Company typePrivate
- Founded2019
- HeadquartersRiyadh, Saudi Arabia
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
Emkan Finance firmographics
Firmographics- Name
- Emkan Finance
- Legal name
- Emkan Finance (شركة إمكان للتمويل)
- Website
- https://emkanfinance.com.sa
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Emkan Finance industry classification
Industry- Product category
- Consumer & MSME Digital Financing
- NAICS
- Sales Financing (52222), Finance and Insurance (52)
- SIC
- Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)
- akta.pro secondary industries
- Islamic SME & Commercial Banking (FSABAGAB), Sukuk Origination & Structuring (Bank-led) (FSABAGAL)
Keywords
Where Emkan Finance is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices1 record
Markets served
Emkan Finance business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Financing Products: Emkan generates revenue through various financing products including microfinance, top-up finance, auto lease, retail finance, and credit cards. Revenue is generated through profit rates/interest charged on financed amounts, with APR rates ranging from approximately 13.50% to 57.53% depending on the product type and customer profile.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Micro-finance: 2,000 - 25,000 SAR with APR ranging from 52.74% to 56.77% |
| Transaction based/ take rate | Monthly | Top-up Finance: 5,000 - 1.5 million SAR with APR from 13.50% to 23.95% |
| Transaction based/ take rate | Monthly | Auto Lease: Vehicle financing with APR around 15.65%-15.71% |
| Transaction based/ take rate | Monthly | Ucard Credit Card: Cashback up to 2% with APR 43.81%-57.53% |
| Transaction based/ take rate | Monthly | Retail Finance: 1,500 - 80,000 SAR with APR up to 54% |
| Transaction based/ take rate | Monthly | Re-finance: Additional financing above existing loan from SAR 64,000 with APR 12.54%-14.41% |
| Transaction based/ take rate | Monthly | Direct PF Finance: Up to 150,000 SAR with APR 17.27%-22.14% |
| Transaction based/ take rate | Monthly | Buyout: Debt settlement financing with APR 14.91%-18.03% |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels10 records
Emkan Finance product offering
Product offeringCore offering
Emkan Finance provides Shariah-compliant digital consumer and small-business financing products delivered through mobile applications and a website. Its portfolio includes microfinance, top-up finance, auto lease, retail finance, credit cards (Ucard), refinance, buyout, and direct personal finance, with no salary transfer or employer guarantee required. Loan origination, approval, and disbursement are processed end-to-end on a digital platform supervised by the Saudi Central Bank (SAMA).
Product overview
Emkan Finance operates as a comprehensive digital financing platform offering Shariah-compliant financial solutions. The product portfolio includes Microfinance (SAR 2,000-25,000), Top-Up Finance (SAR 5,000-1.5 million), Auto Lease, Retail Finance (up to SAR 80,000), Ucard credit card (with up to 2% cashback), Refinance, Buyout, Direct PF Finance, and 50/50 Contract. The platform is complemented by digital tools including Products Calculator and International Transaction Fee Calculator. All products are accessible through a fully digital mobile experience with no salary transfer requirement, serving both individuals and MSMEs under Saudi Central Bank (SAMA) supervision.
Differentiator
Problem solved
Functional benefit
Brands
- Ucard: A credit card with cashback up to 2% and the ability of getting digital and plastic card.
Products and services
- Microfinance A Shariah-compliant personal financing product for individuals in Saudi Arabia, ranging from SAR 2,000 to SAR 25,000, designed to meet personal financial needs anytime and anywhere without requiring salary transfer or employer guarantee.
- Top-Up Finance A Shariah-compliant financing product that allows customers to obtain an additional loan above their existing loan, ranging from SAR 5,000 to SAR 1.5 million, available to both public and private sector employees and those with existing financing.
- Auto Lease A Shariah-compliant vehicle financing product that enables customers to own a car with easy terms and procedures through a fully digital experience.
- Ucard A Shariah-compliant Emkan credit card offering up to 2% cashback, available as a Platinum Card or Student Card in both digital and physical form.
- Retail Finance A Shariah-compliant financing solution that enables end users to obtain purchase financing from merchants up to SAR 80,000, available to Saudi nationals and non-Saudis at differentiated APRs.
- Refinance A Shariah-compliant refinancing product that allows customers to refinance existing finance and obtain additional funding at competitive rates.
- Buyout A Shariah-compliant buyout financing product that enables customers to settle existing debts and consolidate their financing through Emkan.
- Direct PF Finance A Shariah-compliant direct personal finance product offering financing amounts from SAR 80,000 to SAR 150,000 with terms up to 5 years.
- MSME Financing Product A Shariah-compliant financing product for micro, small and medium enterprises (MSMEs) in Saudi Arabia seeking digital and flexible financing for operational and growth needs.
- 50/50 Contract A Shariah-compliant auto lease financing option structured with a 50% down payment and a 50% balloon payment.
Quantifiable outcome
- Successfully completed multiple sukuk issuances totaling over SAR 8 billion demonstrating market trust
Companies that use Emkan Finance
Customer profileSegments3 records
Ideal customer profiles3 records
Emkan Finance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Emkan Finance partnerships and signals
Strategic signalScale indicators8 records
Recent moves6 records
Expansion highlights6 records
Emkan Finance competitors and assessment
Company assessmentBroad incumbents
- Saudi National Bank (SNB): Saudi Arabia's largest bank by assets, with a broad consumer and SME finance offering. Major incumbent competitor across Emkan's full product set.
- Bank AlJazira: Saudi Islamic bank offering personal, auto, and SME financing plus credit cards through digital channels. Broad incumbent in the same Shariah-compliant retail finance space.
- Bank Albilad: Saudi Shariah-compliant bank with a growing personal finance, auto, and credit card portfolio and a strong digital platform. Broad incumbent competing with Emkan across multiple consumer finance products.
- Al Rajhi Bank: Saudi Arabia's largest Islamic bank; offers consumer finance, credit cards, auto financing, and personal loans. Same Shariah framework, dominant distribution, and Emkan's chairman is concurrently Al Rajhi's MD&CEO — making it both a connected party and the dominant broad incumbent.
Emerging players
- STC Pay (now stc Bank): Saudi digital wallet and payments platform expanding into consumer credit and BNPL with SAMA sandbox and now full bank license. Emerging fintech competitor targeting the same digital-first, salary-transfer-free consumer segments.
Regional players
- Derayah Financial: Saudi CMA-licensed investment advisory and brokerage platform that has expanded into financing-adjacent services. Regional player with overlapping Saudi retail investor and MSME clientele.
Direct peers
- Nayifat Finance: Saudi-listed SAMA-licensed consumer finance company offering personal financing, auto lease, and credit cards to individuals. Closest direct competitor to Emkan in the same Shariah-compliant, salary-transfer-free Saudi consumer/SME finance segment.
- Al Yusr Financing: SAMA-regulated Saudi finance company focused on personal, auto, and SME financing with Shariah-compliant products. Directly comparable to Emkan on product mix, regulatory framework, and customer segments.
- Tamara: Saudi-headquartered Shariah-compliant BNPL provider offering installments at checkout. Direct competitor in the retail finance and MSME merchant-financing verticals where Emkan is expanding.
- Tabby: Leading Middle East BNPL fintech with strong Saudi market share. Competes with Emkan's retail finance and Ucard products on merchant-funded consumer credit, particularly online and in-app.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Emkan Finance social profiles
Digital presenceEmkan Finance compliance and trust
Trust signalCompliance2 records
Emkan Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Emkan Finance leadership team
Management profileNumber of profiles
Profiles12 records
Emkan Finance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Emkan Finance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Emkan Finance
What does Emkan Finance do?
Emkan Finance provides Shariah-compliant digital consumer and small-business financing products delivered through mobile applications and a website. Its portfolio includes microfinance, top-up finance, auto lease, retail finance, credit cards (Ucard), refinance, buyout, and direct personal finance, with no salary transfer or employer guarantee required. Loan origination, approval, and disbursement are processed end-to-end on a digital platform supervised by the Saudi Central Bank (SAMA).
Is Emkan Finance a public or private company?
Emkan Finance is a private company. It is classified as unknown and is currently operating.
When was Emkan Finance founded?
Emkan Finance was founded in 2019. It employs 101 to 250 people.
Where is Emkan Finance based?
Emkan Finance is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does Emkan Finance make money?
One revenue line is on record: financing Products.
Who are Emkan Finance's main competitors?
Broad incumbents on record are Saudi National Bank (SNB), Bank AlJazira, Bank Albilad and Al Rajhi Bank. STC Pay (now stc Bank) is listed as an emerging player. Derayah Financial is listed as a regional player. Direct peers are Nayifat Finance, Al Yusr Financing, Tamara and Tabby.
Does Emkan Finance have an API?
No public API is recorded for Emkan Finance.
What industry is Emkan Finance in?
Emkan Finance's product category is Consumer & MSME Digital Financing. Its primary akta.pro industry code is FSABAGAH, Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam), with a secondary code of FSABAGAB, Islamic SME & Commercial Banking. Its NAICS code is 52222 and its SIC code is 6159.