A new Kafalah-backed opportunity that offers a 30% guarantee for investors and SMEs successfully closed in minutes shortly after being launched today on Lendo’s Shariah-compliant crowdlending platform.

“This partnership with Kafalah, a program spearheaded by Saudi Arabia’s SME Bank, is a milestone for both Lendo and the broader financial ecosystem,” says Mohamed Jawabri, Lendo’s COO. 

Crucial for empowering SMEs by providing credit guarantees, Kafla makes securing funding and growing sustainably easier.

“By aligning with Lendo, Kafalah will boost our credibility and reinforce the trustworthiness of crowd-lending as a financing solution,” adds Jawabri. 

Kafalah is designed to support small and medium enterprises by providing financial guarantees, which enhances their access to funding. 

By working with Kafalah, Lendo offers more secure investment and financing opportunities while supporting the growth of businesses in Saudi Arabia.

“This collaboration reflects our commitment to strengthening the financial ecosystem, providing opportunities for SMEs, and enhancing investor confidence,” says Jawabri.

By connecting investors with Saudi SMEs seeking financing, Lendo addresses an estimated SAR 500 billion funding gap, helping achieve the Kingdom’s 2030 Vision.

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