• Saudi fintech Lendo has signed a $50 million Murabaha facility with Jadwa GCC Private Credit Fund, managed by Jadwa Investment, to boost SME lending capacity.
• Founded in 2019 by Osama Alraee and Mohamed Jawabri, Lendo is a crowdlending marketplace that connects qualified businesses seeking financing with investors seeking short-term returns.
• The agreement was unveiled at Money20/20 Middle East in Riyadh and supports Vision 2030 goals to raise SME lending to 20% by 2030.
• Lendo has facilitated SAR 3.5B in SME financing across 8,000+ transactions to date and recently partnered with J.P. Morgan to further expand financing solutions for SMEs in the Kingdom.
• In early 2025, Lendo secured a $690 million warehouse facility led by J.P. Morgan. 

Press release:

Lendo, the Saudi debt crowdfunding platform, has signed a Murabaha financing facility worth SAR 187.5 million (USD 50 million) with Jadwa GCC Private Credit Fund, a private credit fund managed by Jadwa Investment.

The agreement marks a significant milestone for Saudi Arabia’s private credit landscape, combining Lendo’s fintech innovation with Jadwa’s expansion into private credit.

The proceeds will enhance Lendo’s lending capacity, enabling SMEs to contribute more effectively to the Kingdom’s economic growth and diversification in line with Vision 2030 targets.

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

Tariq Al-Sudairy, Managing Director & CEO of Jadwa Investment, added: “This transaction reflects Jadwa’s conviction in the growth and return potential of Saudi Arabia’s private credit space. Partnering with Lendo allows us to directly contribute to SME financing, a vital pillar of a vibrant economy.”

Lendo has facilitated over SAR 3.5 billion in SME financing across 8,000+ transactions, distributing SAR 2.9 billion to investors. Earlier in 2025, Lendo announced a partnership with J.P. Morgan to finance SMEs in Saudi Arabia.

The deal was announced at Money20/20 Middle East in Riyadh, aligning with Saudi Arabia’s goal to raise SME lending to 20% of total lending by 2030.