Saudi Fintech Lendo Secures $690m Warehouse Facility Led by J.P. Morgan
The SAR2.6bn facility, supported by Fintech Saudi, will expand the Shariah-compliant P2P lender's capacity to finance small and medium enterprises across the Kingdom.
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Lendo, a Saudi debt-crowdfunding platform, secured a $690 million (SAR2.6 billion) warehouse facility led by J.P. Morgan and supported by Fintech Saudi. The facility was announced on 30 January 2025.
Lendo runs a Shariah-compliant peer-to-peer lending marketplace for Saudi SMEs. It said the funding will increase lending capacity, support new products and widen SME coverage, following its earlier $28 million Series B led by PIF's Sanabil Investments.