# Afak Financial

> Afak Financial is a VC fund in Riyadh backing Billing, FinTech and Finance. See 1 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Riyadh, Saudi Arabia
- Total investments: 1
- Last investment: Feb 2026
- Lead investor: 100%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/afaqcapitalco
- Website: https://x.com/Afaq_Capital

Afak Financial is a VC fund in Riyadh focused on Billing and FinTech. Afaq Financial is a financial services firm that offers Shariah-compliant investment products such as sukuk and investment funds. The company focuses on supporting small and medium-sized enterprises and engages in equity crowdfunding, enabling investors to fund businesses in exchange for equity. It manages investment vehicles that direct capitalinto projects aligned with Islamic financial principles and facilitates access to funding for growing enterprises. It operates with a commitment to ethical investment practices and supports entrepreneurship through innovative financing solutions.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Billing | 1 | 100% |
| FinTech | 1 | 100% |
| Finance | 1 | 100% |
| Payments | 1 | 100% |
| Financial Services | 1 | 100% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Madfu | Madfu to promote the payments sector in the kingdom of Saudi Arabia in several different fields in order to relieve the financial pressures on individuals and enable them to keep up with the requirements of modern life more easily and achieve mutual benefits with shopkeepers and service providers without any hidden interest or fee. | $25.4M | Seed | Feb 15, 2026 |  |

1 of 1 investments shown.

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## Featured in investor lists
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## FAQ

### What does Afak Financial invest in?

Afak Financial invests primarily in Billing, FinTech and Finance startups, most often at Seed stage. Most of the 1 investments tracked by Shizune back companies in Saudi Arabia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Afak Financial last invest?

The most recent investment recorded for Afak Financial closed in Feb 2026. Shizune tracks 1 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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