Saudi debt crowdfunding platform Lendo has signed an agreement with BSF Capital to launch an initial SAR100 million financing partnership for small and medium-sized enterprises in the Kingdom.
According to the announcement, the partnership combines Lendo’s technology and direct access to SMEs with BSF Capital’s institutional capabilities and investor base. The arrangement is intended to connect institutional capital with financing opportunities for businesses that need funding.
The company said the partnership will also give investors access to a Sharia-compliant asset class linked to the real economy, supporting portfolio diversification. Lendo described the agreement as part of efforts aligned with Saudi Arabia’s Vision 2030 goals to expand financing capacity for SMEs and increase their contribution to the national economy.
Source: Lendo
