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Lendo raises $28 million Series B led by Sanabil Investments

Lendo, a Saudi Arabia-based shariah-compliant debt crowdfunding marketplace, has raised SAR 105 million ($28 million) in Series B.

Saudi arabiaMohamed jawabriOsama alraeePublic investment fundInternational finance corporationSaudi central bankSaudi arabia basedSanabil investmentsShorooq partnersMohammad jawabriFintech saudiDerayah venturesSeedra venturesMedium enterpriseMiddle eastNorth africa

Saudi Arabia: Debt Crowdfunding Marketplace Lendo Scores $28m In Series B Funding

Saudi Arabia: Debt Crowdfunding Marketplace Lendo Scores $28m In Series B Funding
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Saudi arabiaOsama alraeeMohamed jawabriPublic investment fundSaudi central bankSaudi arabia based shariah compliantShorooq partnersDerayah venturesSaudi vision

The Middle East and North Africa s 10 most funded e-commerce startups

RIYADH: As technology transforms the world from physical to digital, the retail industry, digitally known as e-commerce, has been one of the most rapidly changing sectors in the Middle East and North Africa. The e-commerce industry in the MENA region is estimated to be valued at $31 billion in 2021 and will reach over $50 billion by 2025. In this edition, Arab News has

Saudi arabiaAr riyaKuwait generalAbdullah al rugaibMohamed benhalimBelal el megharbelMahmoud nouhAbdallah nofalMehdi oudghiriMohammad nowkhaizTalha ansariAbdulazizb al loughaniKhaled alsiariSami alhelwahAhmed sheikhaMohammed aldossary

Fintech Lendo to launch new financing products for Saudi SMEs

RIYADH: Fintech firm Lendo is planning to launch new products in the coming months to finance the burgeoning small and medium enterprises, or SMEs, in Saudi Arabia. The company recently bagged the official license from the Saudi Central Bank to produce innovative financial products in the Kingdom, making it the first Shari’ah-compliant company specializing in debt

Saudi arabiaAr riyaMohammad jawabriOsama alraeeGlobal entrepreneurship congressSaudi central bankRiyadh based lendoArab newsDerayah venturesShorooq partnersAl ahsaAl kharjKhalij timesGulf newsSaudi gazetteKing abdullah

Saudi Lendo obtains SAMAs s crowdfunding licence

Saudi Arabia-based fintech Lendo, has obtained Saudi Central Bank’s (SAMA) licence to operate as a Shari'ah-compliant debt.

Saudi arabiaMohamed jawabriOsama alraeeCentral bankSaudi central bankLendo companySaudi arabia basedRegulatory sandboxMiddle eastNorth africaIslamic shari ahDerayah venturesShorooq partners