Lendo Strikes $53M Deal With Jadwa Investment to Fuel SME Growth
The Saudi fintech has secured a financing deal to scale its SME credit platform across Saudi Arabia, extending capital supply and testing how fintech infrastructure can accelerate credit access.
Saudi fintech Lendo signed a cost-plus financing agreement worth $53.3 million with Jadwa Investment. The agreement, announced at Money 20/20 Riyadh, will increase Lendo’s capacity to provide financing solutions to small and medium enterprises across Saudi Arabia.
The transaction was completed through Jadwa’s Murabaha Fund and represents one of the largest deals of its type for a regional fintech. It will allow Lendo to expand its reach and provide more SMEs with access to capital.
Co-founded in 2019 by Osama AlRaee and Mohammad Jawabri as a shariah-compliant debt crowdfunding platform regulated by the Saudi Central Bank, Lendo has funded more than 3,000 invoices and facilitated over SAR 1.5 billion in financing for SMEs.
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