Riyadh – Mubasher: Saudi debt crowdfunding platform compliant with Sharia principles has signed a strategic cooperation agreement with the Small and Medium Enterprises General Authority (Monsha’at) to launch a SAR 6 billion financing portfolio.
The partnership, which was announced at Biban Forum 2025, aims to support entrepreneurs and SMEs across Saudi Arabia, according to a press release.
The initiative includes short- and medium-term financing programs and flexible repayment options that help strengthen the financial readiness of SMEs.
The CEO and Co-Founder of Lendo, Osama Al Raee, said: “We take pride in this partnership with Monsha’at, which represents a strategic step that reinforces Lendo’s efforts to empower the SME sector, promote innovation, and drive sustainability in this vital segment, in line with Saudi Vision 2030’s goal of building a more diverse and empowered economy.”
This agreement reflects Lendo’s commitment to supporting the SME sector and enhancing its contribution to the national economy by providing innovative and tailored financing solutions designed to meet the needs of entrepreneurs.
From his part, Abdulaziz Al Juffali, General Manager of Financing, added: “This agreement reflects Monsha’at’s commitment to enhancing the financing ecosystem for SMEs through strategic partnerships that enable innovative solutions supporting business sustainability and stimulating economic growth.”
The agreement marks an extension of Lendo’s journey in developing the debt crowdfunding ecosystem in Saudi Arabia while offering Sharia-compliant financing solutions that bridge the funding gap facing SMEs, in addition to reinforcing their role in job creation and economic growth.
In 2025 by far, Lendo has established strategic partnerships with leading financial institutions such as J.P. Morgan and Jadwa Investment, providing innovative financing solutions that have exceeded SAR 4 billion across more than 8,000 deals.
Additionally, it has distributed more than SAR 3 billion to investors, reaffirming the efficiency of its model in connecting investors with SMEs and its pivotal role in advancing sustainable financing in the Kingdom.
It is the first licensed Saudi debt crowdfunding platform, compliant with Sharia and regulated by the Saudi Central Bank (SAMA), founded in 2019 to connect qualified businesses seeking financing with investors looking for short-term returns through a secure and transparent digital platform.
