SILQ

About SILQ

SILQ Group operates as a significant B2B commerce platform, created through the April 2025 merger of Bangladesh's ShopUp and Saudi Arabia's Sary. This strategic consolidation aims to connect the economies of the Gulf and South Asia, targeting a trade corridor projected to reach substantial value. The company's formation was supported by a $110 million funding round co-led by Sanabil Investments, which is owned by Saudi Arabia's Public Investment Fund (PIF), and Peter Thiel's Valar Ventures, with participation from other notable investors.

The leadership of the merged entity is shared, with ShopUp's founder and CEO, Afeef Zaman, serving as the CEO of SILQ Group, while Sary's founder and CEO, Mohammed Aldossary, heads SILQ Financial. The platform is designed to provide an integrated ecosystem for businesses by combining commerce, logistics, and financial services. It serves a wide range of clients, including over 600,000 retailers, restaurants, hotels, and wholesalers. The business model is centered on facilitating trade and providing embedded financing, with the combined network having already processed over $5 billion in transactions and disbursed more than $750 million in financing.

SILQ provides a digital platform that enables businesses to manage international trade transactions, from sourcing to shipping. Its services are aimed at increasing operational efficiency, enhancing transparency, and helping businesses scale by navigating the complexities of emerging markets. While ShopUp and Sary continue to operate under their original brand names in their respective markets, they function under the unified SILQ infrastructure, which allows for shared capabilities. A key component of the business is SILQ Financial, a dedicated arm for financial services that underscores the platform's focus on embedded finance as a core part of its full-stack solution for B2B commerce.