Lendo operates a shariah-compliant debt crowdfunding marketplace that pre-finances outstanding invoices for businesses in Saudi Arabia. The platform connects a community of creditworthy borrowers with sophisticated investors seeking alternative investments and is licensed by the Saudi Central Bank (SAMA). Led by CEO Osama Alraee and COO Mohamed Jawabri, Lendo serves customers across Saudi Arabia. The company raised SAR 105m ($28m) in a Series B to support its customer base, introduce more innovative financing products, and accelerate market expansion plans. Lendo will use the funding to expand its product offerings and scale in its target market. Lendo is a Saudi Arabia-based, shari'ah-compliant fintech co-founded in 2019 by Osama AlRaee and Mohammad Jawabri. The company operates an SME lending marketplace that digitally pre-finances outstanding invoices to provide quick access to working capital. Lendo's strategy is to provide low-profit-rate financing to SMEs while offering higher-return short-term options for investors and funders. The platform is licensed by SAMA under the Sandbox Environment Program. During the COVID-19 lockdowns Lendo says it helped SMEs manage cash burn and maintain sustainable working capital levels. The company plans to use new funding to deepen platform capabilities and expand its product offering with a more sector-focused, solution-based approach.

Total raised

$35M

Funding rounds

2

Latest round

Series B

Latest activity

Dec 2023