Latest news with #Lendo
Yahoo
16-05-2025
- Business
- Yahoo
Saudi Arabia Loan Aggregator Market Report 2025: Retail Digital Payments Hit 70% as Tech Adoption Transforms Saudi Financial Services - Competition, Forecast & Opportunities to 2030
Saudi Arabia's loan aggregator market, valued at USD 43.65M in 2024, is set to reach USD 63.78M by 2030, fueled by digital fintech growth and regulatory support. Key drivers include digital transformation and mobile banking adoption, while challenges remain in data security. Rising demand for Islamic finance and personalized loans enhances market potential. Major players like STC Pay and Lendo lead this evolving market. Saudi Arabian Loan Aggregator Market Dublin, May 16, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Loan Aggregator Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Saudi Arabian loan aggregator market, valued at USD 43.65 million in 2024, is expected to reach USD 63.78 million by 2030, growing at a CAGR of 6.58%. Significant growth is anticipated due to increased digitalization, fintech advancements, and regulatory backing from the Saudi Central Bank (SAMA). Consumers are increasingly using online platforms for seamless loan comparisons, enhancing market competition and transparency. As digital banking and AI-driven financial services become more prominent, user experience and loan accessibility are improving. The collaboration between banks, fintech firms, and aggregators is expected to further propel market expansion by offering personalized loan options and streamlining borrowing processes for individuals and businesses. The Saudi insurance sector also shows robust potential, with a 26.9% increase in Gross Written Premiums (GWP) reported by SAMA in 2022. The Financial Sector Development Program (FSDP) targets an increase in GWP as a share of non-oil GDP to 2.4% by 2025 and 4.3% by 2030, positioning it as a key contributor to the Saudi Arabia loan aggregator market. Key Market Drivers Digital Transformation and Fintech Adoption: Digital banking services have surged, integrating technology-driven solutions to enhance customer experiences. Loan aggregators now leverage AI, big data, and automation to provide tailored loan options, reducing the effort required to find suitable financing. By 2023, digital transactions accounted for 70% of retail payments, indicating a strong shift in consumer behavior and accelerating fintech adoption. Key Market Challenges Data Security and Privacy Concerns: Safeguarding sensitive consumer data remains a primary challenge. Despite SAMA's strict data protection regulations, maintaining robust cybersecurity frameworks is crucial for fintech companies and aggregators. Investments in encryption technologies and compliance with Saudi Arabia's Personal Data Protection Law (PDPL) are essential to building consumer trust. Key Market Trends Expansion of Islamic Finance Loan Aggregators: As a global hub for Islamic finance, Saudi Arabia sees growing demand for Shariah-compliant lending solutions. Loan aggregator platforms are incorporating Islamic finance products, leveraging AI-driven compliance checks and blockchain-based smart contracts, aligning with Saudi Arabia's Vision 2030 initiative. Key Market Players Creative Future for Digital Brokerage Lendo Saudi Arabia Foras Debt Crowdfunding Company Bonoky Digital Debt Crowdfunding Company (Raqamyah) Tamam Financing Co. Saudi Digital Payment Company (STC Pay) Amlak International Finance Company HALA Payments Company Tazapay Pte. Ltd. Report Scope Loan Type: Home Loans Credit Cards Personal Loan Auto Loan Others Mode of Operation: Online Offline Region: Northern & Central Western Southern Eastern Key Attributes: Report Attribute Details No. of Pages 81 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $43.65 Million Forecasted Market Value (USD) by 2030 $63.78 Million Compound Annual Growth Rate 6.5% Regions Covered Saudi Arabia For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Loan Aggregator Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
16-05-2025
- Business
- Yahoo
Saudi Arabia Loan Aggregator Market Report 2025: Retail Digital Payments Hit 70% as Tech Adoption Transforms Saudi Financial Services - Competition, Forecast & Opportunities to 2030
Saudi Arabia's loan aggregator market, valued at USD 43.65M in 2024, is set to reach USD 63.78M by 2030, fueled by digital fintech growth and regulatory support. Key drivers include digital transformation and mobile banking adoption, while challenges remain in data security. Rising demand for Islamic finance and personalized loans enhances market potential. Major players like STC Pay and Lendo lead this evolving market. Saudi Arabian Loan Aggregator Market Dublin, May 16, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Loan Aggregator Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Saudi Arabian loan aggregator market, valued at USD 43.65 million in 2024, is expected to reach USD 63.78 million by 2030, growing at a CAGR of 6.58%. Significant growth is anticipated due to increased digitalization, fintech advancements, and regulatory backing from the Saudi Central Bank (SAMA). Consumers are increasingly using online platforms for seamless loan comparisons, enhancing market competition and transparency. As digital banking and AI-driven financial services become more prominent, user experience and loan accessibility are improving. The collaboration between banks, fintech firms, and aggregators is expected to further propel market expansion by offering personalized loan options and streamlining borrowing processes for individuals and businesses. The Saudi insurance sector also shows robust potential, with a 26.9% increase in Gross Written Premiums (GWP) reported by SAMA in 2022. The Financial Sector Development Program (FSDP) targets an increase in GWP as a share of non-oil GDP to 2.4% by 2025 and 4.3% by 2030, positioning it as a key contributor to the Saudi Arabia loan aggregator market. Key Market Drivers Digital Transformation and Fintech Adoption: Digital banking services have surged, integrating technology-driven solutions to enhance customer experiences. Loan aggregators now leverage AI, big data, and automation to provide tailored loan options, reducing the effort required to find suitable financing. By 2023, digital transactions accounted for 70% of retail payments, indicating a strong shift in consumer behavior and accelerating fintech adoption. Key Market Challenges Data Security and Privacy Concerns: Safeguarding sensitive consumer data remains a primary challenge. Despite SAMA's strict data protection regulations, maintaining robust cybersecurity frameworks is crucial for fintech companies and aggregators. Investments in encryption technologies and compliance with Saudi Arabia's Personal Data Protection Law (PDPL) are essential to building consumer trust. Key Market Trends Expansion of Islamic Finance Loan Aggregators: As a global hub for Islamic finance, Saudi Arabia sees growing demand for Shariah-compliant lending solutions. Loan aggregator platforms are incorporating Islamic finance products, leveraging AI-driven compliance checks and blockchain-based smart contracts, aligning with Saudi Arabia's Vision 2030 initiative. Key Market Players Creative Future for Digital Brokerage Lendo Saudi Arabia Foras Debt Crowdfunding Company Bonoky Digital Debt Crowdfunding Company (Raqamyah) Tamam Financing Co. Saudi Digital Payment Company (STC Pay) Amlak International Finance Company HALA Payments Company Tazapay Pte. Ltd. Report Scope Loan Type: Home Loans Credit Cards Personal Loan Auto Loan Others Mode of Operation: Online Offline Region: Northern & Central Western Southern Eastern Key Attributes: Report Attribute Details No. of Pages 81 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $43.65 Million Forecasted Market Value (USD) by 2030 $63.78 Million Compound Annual Growth Rate 6.5% Regions Covered Saudi Arabia For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Loan Aggregator Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arab News
06-03-2025
- Business
- Arab News
Saudi SME Bank expands debt-based crowdfunding initiative for small businesses
RIYADH: Micro, small, and medium enterprises in Saudi Arabia will have access to SR240 million ($64 million) in debt-based crowdfunding, after the Kingdom's SME Bank announced a new model to support businesses. The new initiative allows the bank to allocate money while partnering with crowdfunding platforms Manafa, Lendo, and Tameed, which manage the portfolio and finance MSMEs on flexible terms for up to 12 months, according to the Saudi Press Agency. Financing amounts range from SR50,000 to SR1 million, depending on business needs and creditworthiness. Some products within the program also offer a grace period of up to three months, providing entrepreneurs with additional flexibility in managing financial obligations. The initiative supports Saudi Arabia's Vision 2030, which aims to position SMEs as key economic drivers. It comes amid a 22.6 percent year-on-year rise in MSME credit, reaching SR329.23 billion in the third quarter of 2024. Saudi banks provided 94.7 percent of these loans, according to the Saudi Central Bank. The first phase of the agency model disbursed over SR88 million to various MSMEs across different sectors. This financial boost contributed to enhancing business sustainability and stimulating economic growth. Encouraged by this success, SME Bank is now looking to broaden the pool of beneficiaries and make the financing process more streamlined and digitally accessible. With a particular focus on startups and e-commerce businesses, the second phase will enable entrepreneurs to access financing more easily, reducing bureaucratic barriers and accelerating loan approvals, according to SPA. By enhancing digital integration, the initiative aims to provide faster, more efficient financial solutions that align with the evolving needs of modern businesses. SME Bank has urged entrepreneurs and business owners to explore and apply through the 'financing gateway'— a dedicated platform designed to facilitate access to support. The bank emphasized that this phase will support projects with sustainable economic impact, expand growth opportunities, and help enterprises achieve their operational and investment goals with greater flexibility.
Wamda
10-02-2025
- Business
- Wamda
MENA startups drew $863 million investments in January 2025, 89% was debt
At first glance, the startup ecosystem in the Middle East and North Africa (MENA) appears to have experienced a staggering growth in January 2025, raising a total investment of $863 million distributed over 63 rounds. But when discounting the debt financing ($768 million), the amount will be almost similar to January 2024. Last month showed a 210% month-on-month (MoM) increase; however, when excluding debt from both months, there will be a 64% month-on-month drop. At the start of the year, it is common for the investment landscape to encounter a sluggish movement, as investors assess market dynamics while entrepreneurs refine their pitch decks and evaluate their business value before embarking on a fundraising journey. Given the dynamic developments taking place in nascent ecosystems, such as Qatar and Oman, along with the ongoing LEAP 2025 event in Saudi Arabia, we can anticipate a positive first quarter. Lendo and Forus debt deals have propelled the Saudi ecosystem to the forefront of the region, with Saudi startups securing a total of $839.5 million across 21 funding rounds, of which $750 million was attributed to the aforementioned transactions. Notably, the startups based in the UAE exhibited disappointing performance last month, as 15 of them secured merely $14.6 million in funding. The Egyptian ecosystem followed with a total of $6 million through seven transactions. The rest of the MENA countries collectively raised less than $2.5 million. The fintech sector outperformed all others in January, amassing $776.6 million through 11 transactions, bolstered by Lendo and Forus deals. In second place was the proptech sector, attracting an investment of $38.7 million by four startups, while e-commerce trailed shortly after with five deals totalling $30 million. January lacked later-stage investment announcements, except for Lendo, which is at its post-Series B stage. Most of the investment was directed towards Series A through two transactions. However, when looking at volume, the pre-seed stage led with 15 startups obtaining $4.6 million. Investors continued to favour the business-to-business (B2B) model, contributing $692 million to 41 B2B startups, while the business-to-consumer (B2C) model trailed behind, with 20 startups securing $70.5 million. The remaining funds went to two startups operating in both models. In terms of gender, startups founded by male entrepreneurs obtained the largest share of funding, totalling $795 through 47 transactions. Nonetheless, the startups founded by women attracted $61.6 million in funding, showcasing impressive growth. Approximately $5.6 million was designated for startups that are co-founded by both men and women.
Mid East Info
31-01-2025
- Business
- Mid East Info
Lendo Secures $690 Million Facility Led by J.P. Morgan to Boost SME Financing in Saudi Arabia - Middle East Business News and Information
RIYADH — January 30, 2025 — Lendo, the leading debt crowdfunding platform in Saudi Arabia, has secured a USD 690 million (SAR 2.6 billion) warehouse facility led by J.P. Morgan. Supported by Fintech Saudi, this milestone underscores the growth in Saudi Arabia's fintech sector and the vast opportunity in SME financing in the economy. The facility is expected to contribute to an increase in job creation in the Kingdom, demonstrating Lendo's commitment to domestic economic growth and employment. 'This landmark facility represents a transformative moment for Lendo and the Saudi fintech ecosystem,' said Osama Alraee, CEO and co-founder of Lendo. 'The strong backing from global financial institutions such as J.P. Morgan validates our innovative approach to SME financing and positions us to expand our impact in the Saudi market significantly. This facility will accelerate our mission of boosting SMEs growth while contributing to the Kingdom's Vision 2030 goals.' J.P. Morgan's facility will be strategically deployed to increase Lendo's lending capacity, introduce more innovative products, and expand Lendo's SME coverage in the Kingdom. The development aligns with Saudi Vision 2030's goal of increasing SME lending from 4% in 2018 to 20% by 2030. George Deves, Co-Head of Northern European ABS at J.P. Morgan said, 'We are pleased to collaborate with Lendo on this landmark transaction. A strong and fast-growing SME sector is vital for the local economy and this financing will help support the strategic initiative to boost SME lending in Saudi Arabia.' The facility also signals the growing confidence of international investors in Saudi Arabia's fintech sector and its regulatory framework. Lendo has successfully raised two investment rounds to date. The company's last USD 28 million Series B investment round was led by Sanabil Investments, a wholly owned subsidiary of Saudi Arabia's Public Investment Fund (PIF). About Lendo Lendo is Saudi Arabia's first crowdlending marketplace licensed and regulated by the Saudi Central Bank (SAMA) to connect qualified businesses seeking financing with investors seeking short-term returns. Founded by Osama Alraee (CEO) and Mohamed Jawabri (COO) in 2019 after starting in SAMA's Regulatory Sandbox, Lendo has facilitated over SAR 2.5 billion (USD 667 million) in financing through more than 5,000 transactions, generating SAR 125 million (USD 33.3 million) in returns for investors. Backed by Sanabil Investments, Lendo provides secure, efficient, and Shariah-compliant financing solutions that support Saudi Arabia's growing SME sector, aligned with Vision 2030's economic diversification goals. For more information, visit or contact: marketing@
