Lean Technologies
Latest round
- Series B
Last raised
- Nov 2024
Total raised
- $104M
Investors
- 14
About Lean Technologies
Lean Technologies, Ltd.Lean Technologies, Ltd. was founded in 2019 in Riyadh, Saudi Arabia, focusing on providing open banking platforms. The company does not have any reported changes in its business model or structure since inception. Co-founders include Aditya Sarkar and Ashu Gupta, with Hisham Al-Falih serving as CEO.Lean Technologies specializes in providing an open banking platform tailored for banks and fintechs operating within the MENA region. Their core product offerings include data aggregation, integrated payments, and payment operations that enable clients to access customer account details, live balances, and transaction histories presented in a standardized format. This functionality is pivotal for businesses looking to automate the verification of customer identities and enrich financial data with insights such as transaction categorization and income verification.Lean Technologies generates revenue primarily through partnerships with financial institutions and fintechs, who utilize their APIs to enhance their banking capabilities. Clients can engage Lean’s services through various models, including B2B arrangements where companies integrate Lean’s payment solutions into their platforms or by leveraging their identity verification services that streamline customer onboarding processes. Lean’s flagship products, such as the LinkSDK for account connection flows and Hyperlink, a low-code option for quick integration, represent significant value propositions for both developer and business clients. The transactions between Lean and its clients typically involve fee structures based on API usage, transaction volumes, or subscription models, providing flexibility depending on the scale and needs of the user.In November 2024, Lean Technologies, Ltd. Specific future initiatives are focused on creating new offerings aimed at improving customer engagement and financial insights. Additionally, Lean looks to penetrate new markets within the MENA region, targeting a broader geographic footprint by mid-2025.
Who invested in Lean Technologies
14 investors across 3 rounds
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Questions about Lean Technologies
Who invested in Lean Technologies?
Lean Technologies has 14 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Lean Technologies raised?
Lean Technologies has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Lean Technologies last raise money?
Lean Technologies's most recent round on record is a Series B, in Nov 2024.
What does Lean Technologies do?
Lean Technologies is a internet company.
Where is Lean Technologies headquartered?
Lean Technologies is headquartered in Riyadh, Saudi Arabia.
Which VCs invest in companies like Lean Technologies?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Yufu Capital, ICBC Capital Management and Ningbo Tongshang Fund back internet companies at Lean Technologies's stage. Their profiles are linked below.
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