Saudi’s Tarmeez Capital, a sukuk fintech streamlining Sharia-compliant debt issuance, has raised a strategic round led by Tali Ventures, the corporate VC arm of stc group.
Founded in 2022 by Nasser Alsaadoun, the platform enables sukuk issuance at 7x the speed of traditional methods and supports over 180,000 users.
The new backing will help scale its platform, expand retail access, and support Saudi’s Vision 2030 financial inclusion goals.
Earlier in May, Tali Ventures also co-led a US $19 million Series B extension in US-based Network-as-a-Service provider Graphiant (alongside Aramco’s Wa’ed Ventures); the deal, part of Graphiant’s US $102 million Series B, will see the company open a regional HQ in Riyadh to localise its AI-ready connectivity platform.
