Nafith | نافذ

What Nafith | نافذ does

Nafith (نافذ) is a Saudi Arabian electronic platform for the issuance and management of execution bonds (سند لأمر / promissory notes), operated by Thiqa Business Services Company (شركة ثقة لخدمات الأعمال), a private limited company domiciled in Saudi Arabia. The platform serves two primary customer segments — individuals (citizens and residents) and registered commercial enterprises (including law firms) — both of whom require legally enforceable documentation for commercial transactions. The platform's core technology is a regulated e-bond management system that integrates directly with the Ministry of Justice Execution Courts system, the Najiz government portal, and the Nafath national identity authentication system, enabling creation, registration, archiving, and electronic enforcement of promissory notes in compliance with Saudi Commercial Paper Law. The platform supports multi-bond workflows linked to a single primary request with independent enforcement capability, and provides comprehensive electronic archiving for document preservation and retrieval.

The business model is a transaction-fee structure based on documentation fees charged for electronic issuance and notarization of promissory notes, though the specific fee schedule is not publicly disclosed. The go-to-market is exclusively self-serve digital via the nafith.sa platform: individuals authenticate through the Nafath national portal, while companies complete a six-step onboarding process requiring commercial registration, Zakat certificate, VAT registration, and Chamber of Commerce authorization. The platform aligns with Saudi Vision 2030 digital transformation objectives and has established strategic collaborations with the Ministry of Justice, the Ministry of Commerce and Investment, and several Saudi banks (Al Rajhi, Saudi Awwal, Alinma). No pricing, revenue, headcount, funding, or mobile-app presence is disclosed in the source data.

Name

Nafith | نافذ

Legal name

شركة ثقة لخدمات الأعمال (Thiqa Business Services Company)

Website

https://nafith.sa

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Nafith (نافذ) is a Saudi Arabian government-aligned digital platform that enables individuals and commercial enterprises to issue, register, archive, and electronically enforce promissory notes (سند لأمر) directly via the Ministry of Justice Execution Courts system.

Ownership category

akta.pro rank

Product category

Electronic Promissory Note Management Software

NAICS

Securities and Commodity Exchanges (52321)

SIC

Services-Legal Services (8111)

akta.pro primary industry

eSignature, Forms & Digital Workflow Platforms (HDAEAHAJ)

Keywords

• Electronic promissory notes
• Execution bonds management
• Digital commercial paper
• Saudi legal compliance
• Court enforcement integration

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. Documentation Fee Processing: The platform charges documentation fees for the electronic issuance and notarization of promissory notes. Companies must select a documentation fee payment method as part of the 6-step company onboarding process. The exact fee structure is not publicly disclosed on the platform.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Nafith is an electronic platform that enables the issuance, registration, archival, and enforcement of execution bonds (electronic promissory notes / سند لأمر) in Saudi Arabia. The platform provides a fully digital lifecycle for commercial paper, with direct integration to the Ministry of Justice's execution court system for electronic enforcement and to the Nafath national identity system for authentication. It serves both individual citizens/residents and commercial enterprises (including law firms) with distinct onboarding flows and account types.

Product overview

Nafith is a unified electronic platform for managing execution documents in Saudi Arabia. The core product is the Promissory Note (سند لأمر) service, which enables electronic creation, registration, and management of commercial promissory notes in compliance with Saudi commercial law. The platform offers two account types: Individual accounts for personal users and Company accounts for businesses and law firms. All documents are directly integrated with the Ministry of Justice execution system and the Najiz government portal for electronic enforcement.

Differentiator

Problem solved

Functional benefit

Products and services

• Nafith Platform (منصة نافذ) Core electronic platform enabling individuals, commercial enterprises, and law firms in Saudi Arabia to issue, register, manage, and enforce execution bonds (promissory notes) digitally with full legal compliance under Saudi Arabian commercial law.
• Electronic Promissory Note (سند لأمر) Electronic promissory note service allowing creditors to create and register commercial paper documents with all required legal elements per Saudi commercial law, ensuring complete compliance and electronic enforcement capability through direct integration with execution courts.
• Individual Account (حساب أفراد) Individual user account for citizens and residents of Saudi Arabia to access the Nafith platform and create execution documents, integrated with national single sign-on authentication.
• Company Account (حساب شركات) Business account for commercial establishments and law firms to manage execution documents, with enhanced features for corporate document management and multi-user access. Requires commercial registration, Zakat certificate, VAT registration, and Chamber of Commerce authorization letter.

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Ministry of Justice (وزارة العدل)coreStrategic or Co-development PartnerDirect integration with the Ministry of Justice's Execution Courts system, enabling electronic submission and enforcement of promissory notes directly to execution courts.
• Ministry of Commerce and Investment (وزارة التجارة والاستثمار)coreStrategic or Co-development PartnerStrategic collaboration with the Ministry of Commerce and Investment in issuing and managing promissory notes, ensuring compliance with Saudi commercial paper regulations.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Regional players

• Sary: Saudi B2B commerce and fintech platform serving SMEs with procurement and payment tools. Comparable as a Saudi digital infrastructure layer for commercial transactions between businesses, overlapping with Nafith's commercial enterprise user base.
• Lean Technologies: Saudi-headquartered open banking and fintech infrastructure platform. Comparable as a Saudi fintech building regulated digital rails connecting businesses to financial institutions—similar positioning to Nafith's role as regulated digital infrastructure between commercial users and Saudi banks.
• Bayzat: UAE-based insurance and HR/finance platform serving SMEs across the GCC. Comparable as a regional digital services company targeting Saudi and UAE commercial users with regulatory-aligned workflows, though addressing HR/insurance rather than commercial paper.
• Tarabut Gateway: Bahrain-based open banking infrastructure serving the GCC. Comparable as regulated financial infrastructure bridging users and regulated institutions in the MENA region, with a similar profile of regulatory partnerships and bank integrations as Nafith.
• Tamara: Saudi-headquartered buy-now-pay-later and consumer credit platform. Comparable as a regulated Saudi fintech serving both consumers and merchants with embedded credit workflows, though focused on consumer credit rather than commercial paper.

Emerging players

• Mamo: UAE-based fintech offering payments and business financial infrastructure. Comparable as a regulated regional fintech building digital financial workflows for SMEs, with adjacent product overlap in serving commercial users in the GCC.
• NotaryCam: US-based remote online notarization platform. Comparable in enabling legally binding electronic execution of documents with judicial/governmental recognition—the closest functional analog to Nafith's electronic promissory note enforcement, though in a different jurisdiction and document category.
• Jeel: Saudi fintech offering working capital and invoice/payment solutions for SMEs. Comparable in serving Saudi commercial enterprises with regulated financial workflow tools that compete for the same corporate finance user base Nafith targets with promissory notes.

Broad incumbents

• Adobe Acrobat Sign: Enterprise e-signature and digital document workflow platform from Adobe. Shares with Nafith the underlying capability of converting paper-based legal instruments into compliant electronic workflows, but operates as part of a much broader productivity portfolio.
• DocuSign: Global leader in electronic signature and digital agreement workflows. Comparable to Nafith as a digital workflow platform enabling legally binding electronic documents, though DocuSign operates across many document types versus Nafith's narrow focus on promissory notes.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nafith-sa

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Nafith | نافذ