LDUN

Active

Sharia-compliant B2B BNPL, trade credit, factoring and reverse factoring for MSMEs buying from wholesalers

Riyadh, Saudi ArabiaFounded 2021

Fintech

Seed

Riyadh fintech (operating entity: شركة وادي الشمال لتقنية المعلومات) founded in 2021 by Feras AlHamdan and Faisal bin Dukhail. Its platform lets retailers buy goods from partner wholesalers on Sharia-compliant instalment terms while LDUN checks creditworthiness and pays suppliers, adding factoring and reverse factoring for MSMEs. Permitted by SAMA in its Regulatory Sandbox for MSME factoring (February 2025); raised a $4.8M seed led by Sadu Capital in September 2025.

Founders

Feras AlHamdan

Co-Founder

Faisal bin Dukhail

Co-Founder

Funding Rounds

SeedSep 2025

$4.8M

Lead: Sadu Capital

Investors: Sadu Capital, Suhail Ventures, Nomu Angel Investment

Investors: Sadu Capital, Suhail Ventures, Nomu Angel Investment.

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