# @bytecastdaily on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DdfcBzJo5eP
- **Gondola URL:** https://gondola.cc/posts/70716746-bytecastdaily-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/c85e43f9b4.jpg
- **Posted:** 2026-09-20T01:46:35.000+00:00
- **Account Owner:** Bytecast Daily (@bytecastdaily) — https://gondola.cc/bytecastdaily

## Caption

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

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## Tags

startups, sauditech, stcbank, saudivision2030, fintech

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