• Saudi Arabia-based fintech LDUN has raised a $4.8 million seed round led by Sadu Capital, with participation from Suhail Ventures and Nomu Angel Investment.
• Founded in 2021 by Firas Alhamdan and Faisal Bin Dukhail, LDUN provides tech-enabled factoring solutions to MSMEs, streamlining trade credit between suppliers and retailers.
• The company aims to boost SME purchasing power, improve supplier cash flow, and drive digital transformation in the Saudi and regional financial sectors.

Press release:

Saudi fintech startup LDUN, licensed by the Saudi Central Bank (SAMA) under its regulatory sandbox, has successfully closed its $4.8 million seed round.

The round was led by Sadu Capital, with participation from Suhail Ventures and Nomu Angel Investment.

Founded in 2021 by Firas Alhamdan and Faisal Bin Dukhail, LDUN focuses on offering factoring solutions to micro-small-and medium-sized enterprises (MSMEs). Its tech-driven platform facilitates trade credit between suppliers and retailers, aiming to improve purchasing power for business owners, enhance suppliers’ cash flows, and support the financial sector’s digital transformation.