Lendo Announces it has Surpassed SAR 5 billion in Financing
SAR 5 Billion.. Lendo Redraws the Map of Digital Finance in Saudi Arabia
An achievement not built by numbers alone, but by trust. Lendo announces it has surpassed SAR 5 billion in financing, affirming its leading position in the Kingdom's digital finance ecosystem.
This number was not a coincidence. Since its launch, Lendo has been steadily building a different kind of digital finance ecosystem, one that places businesses at its core and makes speed, transparency, and Sharia compliance non-negotiable pillars. Today, this milestone translates to the trust of thousands of clients, investors, and partners who believed in this model and supported its growth.
An Achievement That Continues a Journey, Not Concludes It. This milestone does not stand alone. It is the culmination of a series of strategic steps that have expanded the scope of Lendo's products and partnerships. On the institutional financing front, Lendo secured a Warehouse Facility worth SAR 2.6 billion led by J.P. Morgan, strengthening its ability to deliver financing to businesses at a greater scale and speed. On the government partnerships front, Lendo recently signed a SAR 6 billion partnership with the Small and Medium Enterprises General Authority (Monsha'at), covering short and medium-term financing programs with flexible repayment options that support the sustainability and competitiveness of SMEs.
What sets Lendo apart is not just the number, but how it got there. The platform operates on a fully integrated technology infrastructure driven by automation and data at every stage, from credit scoring to onboarding procedures to financing disbursement. This model enables Lendo to assess and finance businesses faster and at greater scale, without compromising on rigorous risk management or Sharia compliance.
Osama Al Raee, CEO and Co-Founder of Lendo, said: "Surpassing SAR 5 billion in financing is not just a number. It is a direct reflection of the trust our clients, investors, and partners have placed in us and proof of the real impact that fintech can have in empowering businesses. From day one, our goal has been clear: simplify access to financing, deliver Sharia-compliant digital solutions, and contribute to building a more efficient and transparent finance ecosystem. We are proud of this achievement, and more importantly, we see it as the beginning of an even greater phase of growth and impact."
Mohammed Jawabri, COO and Co-Founder of Lendo, added: "Surpassing the SAR 5 billion milestone is as much a technological achievement as it is a financial one. We built Lendo as a fully integrated digital platform that relies on automation and data for credit assessment, onboarding, and financing disbursement, allowing us to evaluate and finance businesses faster and at greater scale without compromising on risk management discipline or Sharia compliance. Our continued investment in data infrastructure and our API-based architecture is the foundation that enables us to scale at this level with high reliability, and it is the backbone of the next generation of financing products we intend to launch."
The impact of this achievement does not stop at the platform's boundaries. It extends to represent a tangible contribution to the targets of Saudi Vision 2030. By developing the fintech sector, expanding businesses' access to financing, and supporting SME contribution to GDP and job creation, Lendo proves that fintech is not merely a financial intermediary, but a true partner in building a more diversified and sustainable national economy.