Saudi Arabian fintech startup LDUN has successfully closed a seed funding round, raising over $4.8 million. The company, which is licensed by the Saudi Central Bank (SAMA) within its legislative sandbox, specializes in providing innovative trade finance solutions for micro, small, and medium-sized enterprises (MSMEs).
The investment round was led by Sadu Capital, with participation from Suhail Ventures and Nomu Angel Investment.
Modernizing SME Trade Finance
LDUN focuses on the practice of factoring for MSMEs through a technology platform that streamlines trade credit processes between suppliers and retailers. The company’s solutions are designed to increase the purchasing power of business owners while simultaneously improving cash flow for their suppliers. By digitizing and simplifying these financial transactions, LDUN aims to play a key role in the digital transformation of the Kingdom’s financial sector.
A Vision for Regional Growth
Founded in 2021 by Feras Al-Hamdan and Faisal bin Dukhail, LDUN is on a mission to reshape commercial financing. The company is developing more efficient and effective solutions that are tailored to the specific demands of the Saudi Arabian and broader regional markets. This latest infusion of capital will support LDUN in scaling its operations and expanding its reach.
About LDUN
Founded in 2021, LDUN is a Saudi fintech company that provides innovative factoring and trade credit solutions. Operating under the Saudi Central Bank’s legislative sandbox, the company aims to enhance the financial ecosystem for MSMEs by improving cash flow for suppliers and boosting the purchasing power of retailers through its digital platform.
Source: Jawlah
