Lendo Secures 690 Million Funding for Innovative P2P Lending Platform in Saudi Arabia

Lendo | ليندو, a pioneering shari’ah compliant peer-to-peer (P2P) lending marketplace, is thrilled to announce that it has successfully raised an impressive SAR 690 million in its latest funding round. This robust financial boost will enable Lendo to enhance its digital platform, which specializes in pre-financing outstanding invoices for small and medium-sized enterprises (SMEs) throughout Saudi Arabia. Recognizing the vital role that SMEs play in driving economic growth, Lendo's innovative solutions aim to create a seamless connection between creditworthy borrowers and sophisticated investors, facilitating alternative investments while ensuring strict adherence to Islamic finance principles. With this new funding, Lendo plans to expand its technology and operational capabilities, making everyday business activities simpler, safer, and more efficient for both parties involved in the lending process. The influx of capital will also allow for increased outreach and educational initiatives aimed at potential borrowers and investors, ensuring that the benefits of the platform reach a broader audience. As Lendo continues to grow, it remains committed to strengthening the financial ecosystem in Saudi Arabia and empowering SMEs to thrive in an increasingly competitive market. For more information about our services and how we aim to revolutionize the financing landscape for SMEs, please visit our website at www.lendo.sa.