Launch Partners

Launch Partners

Lendo secures funding

SAUDI ARABIA: Lendo, a Shariah compliant debt crowdfunding platform in Saudi Arabia, has secured a US$690 million warehouse facility led by JPMorgan, the funds from which will be used to increase Lendo’s lending capacity.

The platform has closed two investment rounds to date; its last round was a US$28 million Series B investment led by Sanabil Investments in December 2023.

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