Saudi Arabia’s SME authority, Monsha’at, and STC Bank have signed a $1.33 billion (SAR 5 billion) financing agreement at the Money20/20 conference in Riyadh. ​The Sharia-compliant portfolio offers digital loans, e-commerce credit lines, point-of-sale financing, and supply chain funding with repayment terms extending up to 10 years. Designed to support micro, small, and medium-sized businesses, the program provides credit facilities through STC Bank’s digital infrastructure. ​This partnership accelerates digital banking integration for Saudi businesses, offering tech startups and digital merchants alternatives to traditional debt financing. ​Source: Saudi Press Agency (SPA) ​#SaudiTech #Fintech #STCBank #SaudiVision2030 #Startups