Riyadh - Sharikat Mubasher: RIFD, the first Saudi-based platform enabling institutional securitization of SME trade receivables, successfully secured a strategic investment from Antler, the global early-stage VC firm.
RIFD will utilize the new capital to accelerate its mission to build the Kingdom’s first Shariah-compliant securitization infrastructure, minimize SME financing costs, and unlock high-quality, risk-adjusted returns for institutional investors in an untapped asset class, the company announced in a press release yesterday.
Through the partnership with Antler, RIFD will receive hands-on guidance as it accelerates expansion across Saudi Arabia and the MENA region. Antler’s investment validates RIFD’s model globally and brings operational expertise, strategic partnerships, and access to a world-class network of esteemed investors.
Abdulrahman Aldakheel, CEO of RIFD, stated that Antler’s support will help the company scale its vision across Saudi Arabia and the broader region. “At RIFD, we are building the infrastructure to unlock this capital, driving SME growth while offering institutional investors secure, Shariah-compliant exposure to real economic value.”
RIFD recently joined the Tech Champions 5 program, launched by the Ministry of Communications and Information Technology (MCIT), reinforcing its position as one of the Kingdom’s most promising emerging fintech startups.
