Manafa

Manafa (Manafa Capital) is a Saudi Arabian fintech company founded in 2018 by Abdulaziz Al-Adwani and based in Riyadh. It operates a crowdfunding platform connecting investors with small and medium enterprises seeking financing, offering products such as supply chain financing, invoice financing, payroll financing, real estate financing and purchase-order financing. Manafa was one of the first two companies granted a Financial Technology Experimental Permit by Saudi Arabia's Capital Market Authority (CMA) in 2018, initially for an equity crowdfunding platform, later moving into debt-based crowdfunding under a Saudi Central Bank (SAMA) regulatory sandbox and license. The company raised a $28 million Series A round in December 2022. Its original domain, manafa.co, now redirects to manafa.sa.