Foodics invests in Funding Souq to expand restaurant financing in KSA, UAE

Saudi Arabia-based fintech Funding Souq has secured a strategic investment from Foodics, making it a major investor in this round. The investment amount and ownership stake were not disclosed. Founded in 2020 by Martin Jaouni, Funding Souq operates a Shariah-compliant SME financing platform regulated by the Saudi Central Bank (SAMA) and the Dubai Financial Services Authority (DFSA), offering business loans, invoice financing and supplier financing in Saudi Arabia and the UAE. The partnership wil