Lendo Secures $28M In Series B Funding Led By Sanabil Investments, Gears Up For Ipo
Amount Raised
$28 Million
Round Type
Series B
RiyadhFinancial ServicesFinanceMarketplaceFintechLendingDescription
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 Ventures and other investors.
Quick answer
Lendo raised $28 Million in a Series B round, dated December 10, 2023. Lendo is based in Riyadh, Riyadh Region, Saudi Arabia.
- How much did Lendo raise?
- Lendo raised $28 Million in a Series B round on December 10, 2023.
- What does Lendo do?
- Lendo, a FinTech startup based in Saudi Arabia, is set to launch a Peer-to-Peer lending platform with core focus towards SMEs debt finance.
- Where is Lendo based and how big is it?
- Lendo is based in Riyadh, Riyadh Region, Saudi Arabia.
- Who are the decision-makers at Lendo?
- Fundz holds 1 contact at Lendo. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Lendo that raised within 45 days of this round, from Fundz verified event records.
- Namdev Finvest raised $15M (Series B) on January 22, 2024.
- Nakamoto raised $444K (Seed) on December 28, 2023.
- Kapital raised $125M (Debt Financing) on December 14, 2023.
- Aye Finance raised $37M on December 13, 2023.
- Ellipsis Labs raised $23M on December 6, 2023.
- FrontEdge raised $10M on November 22, 2023.
Who to call at Lendo, and when
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- An alert the day Lendo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Lendo, from your own LinkedIn network
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Funding Insights
What this usually meansLendo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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