Crowdfunding platforms accelerate project financing: ElKuwaiz

15/03/2022 Argaam

Mohammed ElKuwaiz, Chairman of the Capital Market Authority 

The crowdfunding platforms in Saudi Arabia helped accelerate the financing process of the key projects, compared to the conventional fund raising, Mohammed ElKuwaiz, Chairman of the Capital Market Authority, said on the sidelines of opening the Fintech Hub (Hub).

 

The financial technology (FinTech), which is an opportunity in itself, enables several business sectors to finalize funding, investment and also payments, which are key drivers for business projects, ElKuwaiz indicated.

 

ElKuwaiz also noted that the the Fintech Hub (Hub) will act as one of the pillars of the FinTech growth across the Kingdom.

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