Tag "Lendo"
Saudi’s Debt Crowdfunding Marketplace Lendo Closes $28M Series B Funding
Lendo, a Saudi Arabia-based shariah-compliant debt crowdfunding marketplace, has raised SAR 105 million ($28 million) in Series B funding led by Sanabil Investments, a wholly-owned company by the Public Investment Fund PIF. The round saw participation from Shorooq Partners, AB
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Saudi Central Bank Licenses 3 New Payment Fintech Companies
The Saudi Central Bank (SAMA) announced the licensing of three new companies specialized in finance and electronic payments, during the Global Entrepreneurship Congress sponsored by His Royal Highness Mohammad bin Salman, the Crown Prince, Deputy Prime Minister and Minister of
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9 Startups Lead Saudi Fintech Startup Funding in H1 2021
The first half of 2021 has been eventful for Saudi fintech startup funding. H1 saw deal sizes ranging from as little as US$670,000 to a hefty US$110 million. Moreover, ranking second by funding in the MENA region, VC funding increased
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Saudi Crowdlending Platform Lendo Secures $7.2 Million in Series A Funding Round
Saudi-based crowdlending platform Lendo announced that it has successfully raised US$ 7.2 million (SR 27 million) in Series A within a year of its launch. The Series A round was led by Derayah Ventures, with participation from Seedra, Shorooq Partners,
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