27. Lean Technologies *

Total funding: $37 million
Open Banking platform
Founders: Hisham Al-Falih, Aditya Sarkar, Ashu Gupta
Nationality: Saudi, Indian, Indian
Investors: Sequoia Capital India, Raed Ventures, Shorooq Partners, Outliers VC, Liberty City Ventures, angel Investors
Headquarters: Saudi Arabia
Date of establishment: 2019

Lean Technologies is an open banking technology service provider that connects companies to their users’ bank accounts to initiate instant payments and retrieve account information. The company says it covers 97% of retail bank accounts in the U.A.E. and it plans to cover all banks in Saudi Arabia by the end of 2022. It has offices in the U.A.E., Saudi Arabia, and London. Its clients include Binance, the Etisalat Group (e&), Careem, and Sarwa. In January 2022, it raised $33 million in a Series A funding round led by Sequoia Capital India.