Saudi fintech platform Tameed picks Moneythor for loyalty features

Saudi Arabian purchase order financing platform Tameed has selected Moneythor to deploy “smart” loyalty features via its digital banking and loyalty management solution.

Tameed picks Moneythor for deploying  loyalty features on its platform

With Moneythor’s solution, Tameed aims to enhance its purchase order (PO) financing offering with a loyalty programme for better investment opportunities, rewards attribution techniques and personalised experiences for its customers.

Moneythor’s solution makes use of real-time data, machine learning and behavioural science techniques to offer personalisation capabilities for digital financial management.

“The partnership with Moneythor will give Tameed a competitive edge in enriching its PO financing offer with smart loyalty features and personalised recommendations, which will be differentiated through innovation, customer experience and reliability,” says Mohamed Alomayyer, CEO and co-founder of Tameed.

Founded in 2019 and headquartered in Riyadh, Tameed claims to be the first Islamic fintech platform to provide PO financing in Saudi Arabia.

The platform offers funding based on government-backed POs, connecting small and mid-market businesses seeking fast finance with peer-to-peer financing from investors.

Tameed is regulated and approved by the Saudi Central Bank (SAMA) under the Regulatory Sandbox.