In a New Step for FinTech in Saudi Arabia, Lendo Closes $28 Million Series B Funding Led by Sanabil Investments”<\/p>\n
In a significant move in financial technology in the Kingdom of Saudi Arabia, Lendo, an emerging and leading company in this field, it has announced the closure of its Series B funding round amounting to $28 million. This investment round, led by Sanabil Investments, reflects great confidence in Lendo’s potential and its growing impact in the market.<\/p>\n
Founded to transform and develop the financial sector in the Kingdom, Lendo primarily focuses on debt financing for small and medium-sized enterprises (SMEs). The company offers a diverse range of financing products, initially concentrating on pre-invoicing finance.<\/p>\n
Lendo’s notable achievement lies in being the first company in Saudi Arabia to receive a license from the Saudi Central Bank in the crowdfunding domain. This marks a significant and pivotal step in the company’s journey, opening wide horizons for innovation and growth in a previously underutilized field.<\/p>\n
Lendo’s platform stands out by offering innovative financing solutions that efficiently and effectively meet the needs of small and medium-sized enterprises, contributing to the growth of these companies and enhancing the national economy.<\/p>\n","protected":false},"excerpt":{"rendered":"
In a New Step for FinTech in Saudi Arabia, Lendo Closes $28 Million Series B Funding Led by Sanabil Investments” In a significant move in financial technology in the Kingdom of Saudi Arabia, Lendo, an emerging and leading company in this field, it has announced the closure of its Series B funding round amounting to […]<\/p>\n","protected":false},"author":37,"featured_media":10583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810,1772],"tags":[],"class_list":["post-10579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","category-startups"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/10579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=10579"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/10579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/10583"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=10579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=10579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=10579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}