Riyadh – Sharikat Mubasher: Saudi debt crowdfunding platform Lendo signed a Murabaha financing facility worth SAR 187.5 million ($50 million) with the Jadwa GCC Private Credit Fund, managed by Jadwa Investment.

Announced during the Money20/20 Middle East conference in Riyadh, the deal aims to expand Lendo’s lending capacity and strengthen SME financing in line with Saudi Arabia’s Vision 2030 goal of increasing SME lending to 20% of total bank financing by the end of the decade.

Osama Alraee, Lendo CEO and co-founder, said the agreement marks a transformative step for SME financing and underscores the Kingdom’s position as a regional fintech leader. Tariq Al-Sudairy, Jadwa CEO, highlighted the transaction as a vote of confidence in Saudi Arabia’s private credit market and its potential for strong returns.

Since its launch, Lendo has facilitated more than SAR 3.5 billion in SME financing across over 8,000 transactions, distributing SAR 2.9 billion to investors. Earlier this year, the platform partnered with J.P. Morgan to expand SME funding opportunities in the Kingdom.