THE MIDDLE EAST’S

12. Lendo

Description: Shariah-compliant debt crowdfunding marketplace
Headquarters: Saudi Arabia
Date of Establishment: 2019
Founders : Mohamed Jawabri, Osama Alraee

Lendo is a peer-to-peer crowdfunding marketplace that provides financing solutions for businesses in Saudi Arabia. It has over 95,000 active investors and has surpassed $1.3 billion in financing across over 11,000 deals, as of June 2026. In January 2025, Lendo secured a warehouse facility worth $690 million led by J.P. Morgan, bringing its total equity and debt funding to date to $775 million. In November 2025, it signed a $1.6 billion financing partnership with the Small and Medium Enterprises General Authority (Monsha'at) to empower Saudi SMEs.