IT services, software development, and fintech companies — a high-growth sector under Vision 2030 with financing needs distinct from traditional sectors (growth financing, talent financing, cloud infrastructure).
5,000,000
SAR max amount
80,000 شهرياً
min revenue
5-10 days
funding speed
Tech companies have scalable business models and recurring revenue (subscriptions, SaaS, annual contracts), making them attractive to lenders. Payroll is the main cost, and many lenders offer dedicated solutions for hiring and growth.
Operation history
6 months of recurring revenue
Minimum revenue
80,000 شهرياً
Maximum financing
5,000,000 SAR
Funding speed
5-10 days
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Saudi Arabia's tech sector is in a major investment boom, driven by Vision 2030's tech-development strategy. Tech companies span: SaaS, FinTech, Cybersecurity, AI and Data, gaming, Cloud. Saudi tech startups raised over USD 800M in 2024 funding rounds. Standout names: Foodics, Sary, Nash, Tamara, Tabby.
Financing options: equity financing via Manafa (CMA) and SVC for startups. For mid-stage tech companies, specialized credit lines from Saudi Investment Bank's Tech Banking Desk. Companies generating recurring revenue benefit from ARR-based financing (Annual Recurring Revenue) from Lendo and Raqamyah. Tech companies serving the "Digital Saudi" stack — gov-tech, data, AI — get priority from government institutions.
Key notes: tech companies registered in Red Sea Valley, NEOM Tech, or Riyadh Tech receive tax exemptions plus banking facilities. Companies with 80%+ Saudi employees benefit from SNB's localization-tied financing. Companies certified "Startup Saudi" by Monsha'at receive direct support. SaaS companies with ARR above SAR 5M qualify for revolving credit lines. The 2024 launch of SDAIA's AI-startup fund (in partnership with PIF) added a new concessional channel specifically for AI and data-platform companies. Cybersecurity firms working on national infrastructure benefit from National Cybersecurity Authority co-investment programs.
Yes. Tech-specialized lenders (Forus, Lendo) evaluate SaaS companies on monthly growth rate (MRR growth), retention, and market size — not just current profitability. Companies growing 15%+ monthly get excellent terms.
You receive a specific amount earmarked for hiring specific roles (developers, sales engineers) with a clear revenue plan. Repayment typically ties to actual revenue growth in the first 6-12 months post-hire.
Yes, and common. Tech companies with SAR 50K/month revenue can raise SAR 500K to 5M via platforms like Safqa Capital and Aard Capital. Key requirement: clear business model and strong team.
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