Saudi fintech Lendo has secured a $690 million warehouse facility from JPMorgan to expand its SME financing operations, supporting Saudi Arabia’s Vision 2030 goal of increasing SME lending. The funding will enhance Lendo’s lending capacity, introduce new financial products, and address the $133.3 billion SME funding gap through alternative financing. The move underscores growing investor confidence in Saudi Arabia’s fintech sector, with Lendo positioning itself as a key player in Shariah-compliant SME financing.

Saudi Fintech Lendo Secures US$690m JPMorgan Facility