Lendo and Jadwa Agree on Landmark SAR 187.5 Million Murabaha Facility to Support SMEs in Saudi Arabia

The signing of the agreement

Lendo, the debt crowdfunding platform, has agreed to 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.

In a statement, the company said this agreement represents a milestone in Saudi Arabia’s private credit landscape, bringing together Lendo’s fintech innovation with Jadwa’s expansion into private credit.

The proceeds will be deployed to enhance Lendo’s lending capacity, empowering SMEs to play a greater role in the Kingdom’s economic growth and diversification in line with Vision 2030.

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

For his part, Tariq Al-Sudairy, Managing Director & CEO of Jadwa Investment, added: “This transaction reflects Jadwa’s conviction in the growth and return potential of the private credit space in Saudi Arabia. By partnering with Lendo, we aim to directly contribute to SME financing, which is a vital pillar of a vibrant and growing economy.”

To date, Lendo has facilitated over SAR 3.5 billion in SME financing across more than 8,000 transactions, distributing more than SAR 2.9 billion to investors. Earlier this year, Lendo announced a partnership with J.P. Morgan to finance SMEs in Saudi Arabia, the statement added.

The agreement was announced on the sidelines of the Money20/20 Middle East Conference in Riyadh, as part of the efforts aimed at expanding financing opportunities for SMEs and support the objectives of Saudi Vision 2030 to raise SME lending to 20% by 2030.

Jadwa Investment is licensed by the Capital Market Authority of Saudi Arabia (CMA) as a capital market institution, with registration number 06034-37.