Saudi debt crowdfunding platform Lendo has signed a financing partnership with BSF Capital with an initial value of SAR 100M ($26.7M) to support small and medium-sized enterprises in KSA.
The agreement will combine Lendo’s technology and direct access to SMEs with BSF Capital’s institutional capabilities and investor network to channel capital into businesses seeking financing.
The partnership will also give investors access to Sharia-compliant financing opportunities linked to the real economy, with the aim of supporting portfolio diversification.
Lendo said the agreement is designed to expand financing capacity for SMEs and support their contribution to the Saudi economy.
Lendo operates a debt crowdfunding platform regulated and supervised by the Saudi Central Bank.
Source: Lendo
