• Lean Technologies secures USD 67.5 million in Series B funding, bringing total capital raised to over USD 100 million.
• Transforming financial services in MENA, Lean provides secure financial infrastructure, streamlining payment processes for businesses like e&, DAMAC, and Careem, processing over USD 2 billion in transactions.
• Expanding with new funding, Lean plans to scale its Pay-by-Bank and Open Banking solutions, deepen partnerships, and enhance its role as the Middle East’s leading fintech infrastructure provider.

Lean Technologies, a Riyadh-based fintech platform, raised USD 67.5 million in Series B funding, led by General Catalyst, a Silicon Valley venture capital firm. Other investors include Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, and Arbor Ventures. This brings Lean’s total funding to over USD 100 million.

Driving Financial Innovation in MENA

Lean’s mission is also to drive financial innovation in the MENA region by providing secure access to critical financial infrastructure. Its platform allows businesses to integrate personalized financial services into their systems, enhancing user experience and functionality.

Creating a Connected Financial Ecosystem

The company aims to make financial data and payments more accessible, transparent, and user-friendly. By doing so, Lean fosters a connected and inclusive financial ecosystem for businesses and consumers.

Over the past three years, Lean has significantly impacted the region’s financial landscape. Regulated by ADGM in the UAE, Lean’s account-to-account (A2A) payment solutions have streamlined pay-ins and payouts. The company has processed over USD 2 billion in transaction volume.

Expansion into Saudi Arabia’s Regulatory Sandbox

In Saudi Arabia, Lean also introduced data solutions under the Saudi Central Bank’s regulatory sandbox. These solutions have supported various industries. The industries are including insurance, lending, and marketplaces.

Additionally, Lean has verified nearly one million bank accounts for clients like Tawuniya, Abdul Latif Jameel Finance, Salla, Tabby, and Tamara. This is unlocking new business opportunities.

 Lean’s Future Growth Plans

Furthermore, with this new funding, Lean is set to expand its Pay-by-Bank and Open Banking solutions. The company also plans to deepen partnerships, reinforcing its position as the Middle East’s leading fintech infrastructure provider.