Circyls

Company profile

Circyls company profile

Circlys is a fintech established and operating in Saudi Arabia since 2017 is focus currently on providing public roscas (rotating credit and saving associate) for members who needed to join a circle and does not have private circles around then and its revenue comes from subscription fees based on the slot (month and value of contribution ) selected, it approved by SAMA (Saudi Arabia central bank) and has placed a strong risk-based framework to onboard customers with different risk profiles which might not profitable or targeted by traditional financial insinuations while keeping default rate within the industry average.