Fils, a pioneering force in ESG-focused financial technology, has partnered with Madkhol, a Saudi-based technology platform specializing in Robo-advisory investment services.
The official signing took place at the prestigious 24 Fintech event, marking a significant milestone for both companies and the region.
This collaboration allows Madkhol’s customers to seamlessly invest in carbon credits and actively offset their carbon footprint directly through the platform. By embedding Fils’ sustainability stack, Madkhol is setting a new benchmark for capital market fintechs in Saudi Arabia and beyond, enabling users to integrate impactful climate action into their investment portfolios.
The partnership between Fils and Madkhol is strategically aligned with Saudi Arabia’s VCM initiative. By leveraging Fils’ sustainability infrastructure, this collaboration allows users to participate in the carbon credit market with full transparency, trust, and integrity, setting a new standard for ESG investments.
Nameer Khan CEO – Fils
“Our partnership with Madkhol comes at a critical time when sustainable finance is becoming a cornerstone of capital markets, and Saudi Arabia’s VCM initiative is setting the stage for the region. Together, we are enabling users to make investments that not only drive returns but also contribute to a sustainable future. This collaboration highlights Fils’ commitment to transparency and trust, essential elements in building a credible and superior solution in the sustainability space.”
Nameer added that, “The global challenge of reaching $9.2 trillion annually in climate investments can only be met through the leadership of key industries, and capital markets are at the forefront of this transformation. Fils’ integrity-driven platform ensures that businesses and investors can participate in carbon markets with confidence, helping to foster a more sustainable world.”
Saad bin Atyan, CEO of Madkhol, said that,“At Madkhol, we are committed to providing our customers with innovative and responsible investment solutions. Partnering with Fils allows us to take our platform to the next level by integrating carbon credit investments and giving our customers a practical way to offset their emissions. Signing this partnership at 24 Fintech highlights our dedication to pioneering sustainable fintech in Saudi Arabia.”
By utilizing Fils’ comprehensive API-driven sustainability stack, Madkhol customers can now access a variety of carbon credit projects, enabling transparent reporting and ensuring investments align with environmental goals. This seamless integration also supports Saudi Arabia’s Vision 2030 objectives of promoting sustainability and reducing carbon emissions.
Ahson Saeed, Partner – Strategy & Commercials at Fils, commented that, “At Fils, we believe that the future of finance is not just about returns, but about responsible, impactful investments. Our partnership with Madkhol is a testament to this vision, bringingtogether cutting-edge technology and a deep commitment to sustainability. By integrating carbon credit investments into everyday financial decisions, we are empowering investors to take actionable steps toward a greener future. This collaboration marks a new chapter in sustainable finance, aligned with Saudi Arabia’s ambitious climate goals and the broader global movement towards ESG-driven growth.”
