Lendo | ليندو
Easy Investment, Instant Financing
Easy Investment, Instant Financing
Lendo | ليندو is a FinTech startup based in Saudi Arabia that offers a Peer-to-Peer lending platform focusing on SMEs debt finance. With a core emphasis on pre-invoicing finance, Lendo aims to provide a variety of financing products for SMEs. The company has received a license from the Central Bank of Saudi Arabia in the crowd-lending domain, making it the first of its kind in the country.
Founded in 2019, Lendo has garnered significant attention in the financial services and fintech industries. In its latest funding round, the company secured a noteworthy SAR105.00M Series B investment on 10 December 2023, attracting investments from prominent entities such as Arab Bank Ventures, Shorooq Partners, and Sanabil.
Leveraging its innovative approach and strategic positioning in the market, Lendo aims to empower businesses to optimize their cash flow by accessing instant cash advances on their unpaid invoices, ultimately enabling them to achieve more efficient operations and growth.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Series B | SAR105.00M | 3 |
|
10 Dec 2023 |
| Venture Round | Unknown | 1 |
|
01 Jan 2022 |
| Series A | $7.20M | 5 |
|
14 Mar 2021 |
| Pre Seed Round | Unknown | 1 |
|
24 Oct 2019 |
No recent news or press coverage available for Lendo | ليندو.
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