Lendo, Saudi Arabia’s leading debt crowdfunding platform, has secured a $690 million warehouse facility led by J.P. Morgan. This funding will enhance Lendo’s lending capacity, introduce new financing products, and expand its support for small and medium-sized enterprises across the Kingdom. The facility aligns with Saudi Vision 2030’s goal of increasing SME lending and reflects the growing confidence of international investors in the country’s fintech sector. Lendo, licensed by the Saudi Central Bank, has facilitated over $667 million in financing through more than 5,000 transactions since its founding in 2019.
Lendo CEO Osama Alraee stated, "The strong backing from global financial institutions such as J.P. Morgan validates our innovative approach to SME financing and positions us to expand our impact in the Saudi market significantly. This facility will accelerate our mission of boosting SME growth while contributing to the Kingdom's Vision 2030 goals.” J.P. Morgan’s Co-Head of Northern European ABS George Deves emphasized the importance of a strong SME sector for the local economy. Lendo previously raised $28 million in a Series B investment round led by Sanabil Investments, a subsidiary of Saudi Arabia’s Public Investment Fund. The company continues to provide secure, Shariah-compliant financing solutions to support business expansion in line with the Kingdom’s economic diversification goals.
