Lendo
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Identifier: lendo- Funding stage
- Series B
- Raised
- $35M Disclosed · not verified
- People
- 5
- Founded
- 2019
Key facts
| Fact | Confidence | Evidence |
|---|---|---|
| Funding stageSeries B | 2 related sources | |
| HeadquartersRiyadh | 1 source | |
| Founded2019 | 1 source |
Startup details
Riyadh-based Shariah-compliant debt-crowdfunding (P2P) marketplace that pre-finances invoices and provides working-capital financing to Saudi SMEs, funded by investors seeking Islamic-compliant returns. First company in KSA licensed by SAMA for Shariah-compliant debt crowdfunding.
Funding
| Round | Date | Amount | Confidence |
|---|---|---|---|
| Debt | Jan 30, 2025 | Undisclosed | |
| Series B | Dec 10, 2023 | $28M | |
| Series A | Mar 14, 2021 | $7.2M |
- Jan 30, 2025Debt
- Dec 10, 2023Series B$28M
- Mar 14, 2021Series A$7.2M
Team
Relationships
Investors
- Sanabil InvestmentsLead investor
- Shorooq PartnersParticipant
- AB VenturesParticipant
- Derayah VenturesLead investor
- Seedra VenturesParticipant
- 500 GlobalParticipant
- Impact46Participant
Founders & leadership
- Rakan Abu NayyanBoard Member
- Mohamed JawabriCo-Founder · COO
- Ahmad AlshammariBoard Member
- Osama AlRaeeCo-Founder · CEO
- Nabil Al MobarakBoard Member
Related companies
Related companies
Saudi Fintech Lendo Raises $28M Series B Led by PIF's Sanabil Investments
Saudi Shariah-compliant debt-crowdfunding marketplace Lendo has raised about $28 million in a Series B anchored by PIF's Sanabil Investments. Shorooq Partners and AB Ventures also participated. Lendo helps pre-finance outstanding invoices for SMEs and is licensed by the Saudi
Added FundingSaudi 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.
Added