• Lendo and Jadwa signed a USD 50M Murabaha facility at Money20/20 Riyadh to expand SME financing in Saudi Arabia.
• The agreement enables over SAR 1B in SME financing within two years, supporting Vision 2030 economic diversification goals.
• Lendo has already facilitated SAR 3.5B in SME financing, following a recent partnership with J.P. Morgan earlier this year.
  

Lendo

Saudi’s Lendo signed a Murabaha deal with Jadwa Investment, an asset management firm, valued at approximately USD 50 million (SAR 187M). The facility will enable the provision of financing exceeding SAR 1 billion over a period of 2 years.

“This partnership goes beyond SME financing—it contributes to building a more diverse, sustainable economy and delivers long-term value for investors and society at large,” said Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment.

The announcement was made on the sidelines of the Money20/20 conference in Riyadh. It aims to foster the financing landscape for SMEs and strengthen their contribution to the national economy, in line with the objectives of Saudi Vision 2030.

SMEs

Founded in 2019, Lendo is a shariah-compliant, peer-to-peer (P2P) digital lending marketplace. It aims to digitally pre-finance outstanding invoices for small and medium-sized enterprises (SMEs) in Saudi Arabia. 

“Since our inception, Lendo has been committed to providing innovative financing solutions for SMEs. Today, through this agreement with Jadwa, we are taking a transformative step that redefines SME financing in Saudi Arabia and positions the Kingdom as a regional leader in fintech innovation,” said Osama Alraee, CEO and Co-Founder of Lendo.

Meanwhile, Jadwa Investment is a Saudi investment management and financial services firm, licensed by the Capital Market Authority. It offers a wide range of innovative investment solutions to individuals and institutions. Additionally, it manages diverse assets with a focus on sustainability, governance, and innovation

To date, Lendo has facilitated over SAR 3.5 billion in SME financing across more than 8,000 transactions. It also distributed more than SAR 2.9 billion to investors. Additionally, this comes after signing a partnership with  J.P. Morgan earlier this year aimed to finance SMEs in Saudi Arabia.