Project finance with monitoring
Safqah combines real-estate underwriting, structured debt financing and developer software. Developers manage projects and capital through a portal, while investors receive project reporting. Capital is disbursed against milestones, connecting financing with progress on construction.
Expanding the financing platform
Shorooq, anb Seed Fund and Rua Growth Fund co-led the $15.2 million equity seed round. Safqah will expand its financing capacity and digital platform and develop AI tools for risk assessment and underwriting. The investment is capital raised by the company, separate from the property-project loans arranged through its platform.
Where the funding goes
- Expand developer financing capacity
- Develop the digital platform
- Build AI risk-assessment and underwriting tools