Riyadh – Mubasher: Kafaa Capital aims to create attractive investment opportunities and open financing channels for medium and small projects in addition to real estate schemes.
In an exclusive interview with Mubasher on the sidelines of the Seamless Saudi Arabia 2024 conference, Yousef Al Zamea, Founder of Kafaa Capital, indicated that the company plans to leverage financial technology tools and gather investors and financing seekers.
Al Zamea also highlighted the latest developments in the fintech sector, represented by open banking data led by the Saudi Central Bank (SAMA), which allowed customers to share their data with beneficiaries from inside or outside the sector.
The founder also stated that the Open Finance initiative will provide companies with financing to collect debts and use the proceeds to finance their projects.
Translated by: Omnia Ahmed
