# Lendo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lendo

- Industry: Financial Services
- Headquarters: Riyadh, Saudi Arabia
- Website: www.lendo.sa/
- Total disclosed funding: $35M
- Latest round: Series B (Dec 10, 2023)
- Investors on record: 7

## About

Based in Riyadh, Saudi Arabia, and founded in 2019, Lindo Saudi Finance Company, trading under the name Lendo, operates as a developer of a platform that provides a variety of financing products for SMEs with an initial focus towards pre-invoicing finance. The company has licensed from SAMA (Saudi Arabian Monetary Authority) under the Sandbox Environment Program. In 2020, the company was awarded the Excellence in Finance Companies award at FiNext Conference. In September 2025, Lendo raised USD 50 million in venture debt funding from Jadwa Investment.

Digital Support IT Ltd. provides Lendo App that offers instant invoice financing to SMEs through its Shariah-complaint lending marketplace. The offering helps SMEs with their immediate cash requirements. The company also offers loans starting from SAR 100,000 (about USD 27,000) and going up to SAR 3 million (USD 800,000) by connecting the SMEs with investors on its marketplace through crowdlending (aka peer-to-peer lending). The SMEs looking for financing can apply on its platform if they have a valid Saudi business license (commercial registration), have been in operations for at least one year, and have an annual turnover of SAR 2 million (USD 530,000) at least.

The company will use the September 2025 funding to increase its lending capacity and enable SMEs to contribute more effectively to Saudi Arabia’s economic growth and diversification.

## Funding rounds

- Series B, Dec 10, 2023, $28M — Shorooq Partners, Sanabil Investments, AB Ventures
- Series A, Mar 14, 2021, $7.2M — 500 Global, Shorooq Partners, Derayah Ventures, Impact46, Seedra Ventures

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- Shorooq Partners (https://capitalatlas.ai/funds/shorooq-partners) — Series A, Series B
- Derayah Ventures (https://capitalatlas.ai/funds/derayah-ventures) — Series A
- Impact46 (https://capitalatlas.ai/funds/impact46) — Series A
- Seedra Ventures (https://capitalatlas.ai/funds/seedra-ventures) — Series A
- Sanabil Investments (https://capitalatlas.ai/funds/sanabil-investments) — Series B
- AB Ventures (https://capitalatlas.ai/funds/ab-ventures) — Series B