Lendo

Active

Shariah-compliant debt-crowdfunding marketplace financing SME invoices and working capital

Riyadh, Saudi ArabiaFounded 2019

Fintech

Series B

Lendo is a SAMA-licensed peer-to-business lending marketplace (licence 61/AS/202203) that connects Saudi SMEs needing invoice and working-capital financing with investors. Its equity funding totals $35.2M (a $7.2M Series A in 2021 and a $28M Series B in 2023), and it says it is preparing for an IPO. In January 2025 it secured a SAR 2.6B warehouse facility led by J.P. Morgan.

Founders

Osama Alraee

Co-Founder & CEO

Mohamed Jawabri

Co-Founder & COO

Funding Rounds

DebtJan 2025

$690M

Lead: J.P. Morgan

Investors: J.P. Morgan

Investors: J.P. Morgan.

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