Riyadh – November 8, 2025 – Lendo, the leading Saudi debt crowdfunding platform compliant with Islamic Shariah principles, announced the signing of a strategic cooperation agreement with the Small and Medium Enterprises General Authority (Monsha’at) to launch a SAR 6 billion financing portfolio aimed at supporting entrepreneurs and small and medium-sized enterprises (SMEs) in the Kingdom.

The announcement took place during the fourth day of Biban 2025, held at the Riyadh Front Exhibition and Conference Center under the theme “A Global Destination for Opportunities.”

This agreement reflects Lendo’s commitment to supporting the SME sector and enhancing its contribution to the national economy by providing innovative and tailored financing solutions designed to meet the needs of entrepreneurs. The initiative includes short- and medium-term financing programs and flexible repayment options that help strengthen the financial readiness of SMEs.

Osama Al Raee, CEO and Co-Founder of Lendo, said:
“We take pride in this partnership with Monsha’at, which represents a strategic step that reinforces Lendo’s efforts to empower the SME sector, promote innovation, and drive sustainability in this vital segment, in line with Saudi Vision 2030’s goal of building a more diverse and empowered economy.”

Abdulaziz Al Juffali, General Manager of Financing, added:
“This agreement reflects Monsha’at’s commitment to enhancing the financing ecosystem for SMEs through strategic partnerships that enable innovative solutions supporting business sustainability and stimulating economic growth.”

The agreement marks an extension of Lendo’s journey in developing the debt crowdfunding ecosystem in Saudi Arabia and offering Shariah-compliant financing solutions that bridge the funding gap facing SMEs, while reinforcing their role in job creation and economic growth.

Over the year, Lendo has successfully established strategic partnerships with leading financial institutions such as J.P. Morgan and Jadwa Investment, providing innovative financing solutions that have exceeded SAR 4 billion across more than 8,000 deals.
Additionally, Lendo has distributed more than SAR 3 billion to investors, reaffirming the efficiency of its model in connecting investors with SMEs and its pivotal role in advancing sustainable financing in the Kingdom.

About Lendo:

Lendo is the first licensed Saudi debt crowdfunding platform, compliant with Islamic Shariah and regulated by the Saudi Central Bank (SAMA). Founded in 2019 by Osama Al Raee (CEO) and Mohammed Jawabri (COO), Lendo connects qualified businesses seeking financing with investors looking for short-term returns through a secure and transparent digital platform.

About Monsha’at:

The Small and Medium Enterprises General Authority (Monsha’at) is dedicated to supporting and developing the SME sector in Saudi Arabia by formulating policies, programs, and initiatives that foster the growth of this vital sector and enhance its contribution to the Kingdom’s GDP, in line with the objectives of Saudi Vision 2030.

‍