Lendo and Saudi Fund Launch $53M Fintech Initiative for SMEs

Editorial Team

Last updated 21-05-2025

2 min

A 200 million Saudi Riyal investment aims to ease SME working capital financing.

Lendo and the Industrial Investment Fund partner to offer quick, transparent financial solutions.

This collaboration emphasises modern cooperation between Saudi's public and private sectors.

The programme supports SMEs with purchase order financing and invoice funding options.

This initiative highlights SMEs' vital role in innovation and employment growth.

A significant new investment programme worth 200 million Saudi Riyals has been launched jointly by Saudi Arabia's Industrial Investment Fund Company and the fintech platform "Lendo". The scheme is specifically aimed at easing the way small and medium-sized industrial businesses around the Kingdom can secure quick, transparent and sustainable working capital financing.

Lendo, a crowdfunding debt platform fully compliant with Sharia law, has partnered with the Industrial Investment Fund to roll out this venture, offering flexible solutions to tackle the funding hurdles typically faced by SMEs. Expect the programme to provide practical tools including purchasing order financing, trade invoice financing, and claims settlements, reflecting the fast-changing landscape of alternative financing methods currently booming in the Saudi market.

This partnership highlights a modern, sophisticated approach to cooperation between the public and private sectors. Lendo is poised to leverage its cutting-edge technology and extensive marketplace experience to activate alternative financing instruments, empowering industrial businesses across Saudi Arabia to grow rapidly and efficiently.

Graphiant Secures $19M, Opens Riyadh Hub Amid NaaS Market Surge

On the other side of the equation, the Industrial Investment Fund brings to the table its extensive institutional expertise, strategic partnerships, and significant investment resources. Their involvement is aimed at bolstering confidence in industrial finance products and extending private-sector engagment through broader and more accessible financial coverage.

The programme is already up and running, and industrial firms interested in applying for financing can do so immediately through Lendo’s user-friendly online platform.

Initiatives like this represent an inventive approach to combining supportive infrastructure with modern tech-driven solutions. They drive home the essential role SMEs play in boosting national productivity, sparking innovation and generating new employment oportunities in Saudi Arabia's industrial scene.

And honestly speaking, seeing solutions that cut through red tape and complicated bureaucracy is a breath of fresh air. Perhaps it'll encourage others to follow suit—making life a tad easier for smaller businesses. Who knows, next time you pop into your favourite café or tuck into a well-earned serving of Kabsa, it could very well be locally manufactured SMEs benefitting from programmes just like this.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!