We finance corporate invoices (forward sales), and we do not do personal finance at all.

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This type of funding provides the ability for companies to support their operations and achieve growth. It plays an important role in achieving the goals of Saudi Vision 2030 by supporting economic diversification and job creation.

A citizen, resident or resident in Saudi Arabia who is over 18 years of age and has a national ID or residence permit, and has a bank account in a local bank.

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Lendo is a financial technology company. It works in the field of debt crowdfunding. It provides an invoice financing service for small and medium enterprises (forward sales) that complies with the provisions of Islamic law in order to help companies requesting funding obtain cash. It also offers investment opportunities with a good profit return within short periods.

It is the financing of small and medium-sized companies by a group of investors. It is divided into two types:

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1-Crowdfunding through ownership. 2-Crowdfunding through financing

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Yes, there is a high risk in investment transactions, which may lead to delays in paying off opportunities or the possibility of losing your money. As the financing contract connects investors directly to the owners of companies requesting funding, the Lendo platform is not one of the contracting parties, and investments are entirely at your own risk.

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This text is an example of text that can be replaced in the same space. This text was generated from the Arabic text generator, where you can generate such text or many other texts in addition to increasing the number of characters generated by the application.

1- A valid Saudi commercial registration.

2. The company is one year old and over.

3. Sales are issued to government agencies or private Saudi companies.

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The minimum funding amount is 100 thousand Saudi Riyals and the maximum funding limit is 7.5 million Saudi Riyals.

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The credit rating is issued and the risk score of the opportunity is determined based on several factors, the most important of which are:

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— The company's credit history.

— The company's financial situation.

— The company's administrative status.

— Invoice status.

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The rating varies from (A to D). The classification indicates A To the fact that the company has a credit rating Good and low risk. and D That the company has a credit rating Vulnerable and high-risk.

Small and medium enterprises registered in Saudi Arabia that have verifiable invoices or purchase orders from reliable entities can apply for financing.

Yes, a Saudi company called (Lendo Saudi Finance Company) is a closed joint stock.

It takes a maximum of three days for Lindo to review a company's funding request.

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Guarantees are the warrant and a personal guarantee. In some cases, a guarantee of invoice assignment is added to Lindo. Lindo does not take any real estate bets or the like.

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Lendo Financial Technology Company is registered with the Ministry of Commerce and is subject to the supervision and control of the Central Bank of Saudi Arabia with license No. (61/AS/202203)

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Guarantees are the warrant and a personal guarantee, and in some cases a guarantee of invoice assignment is added to Lindo. Lindo does not take any real estate bets or the like.

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Investment in the Lendo platform starts at 1000 Saudi Riyals. The maximum investment limit is different depending on the type of investor account (primary investor - qualified investor) according to the instructions of the Saudi Central Bank.

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All investment and financing operations carried out by Lendo are in accordance with the provisions of Islamic law. You can view the Shariah Accreditation Certificate through Click here.

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As an entity authorized by the Saudi Central Bank, Lendo has an existing contingency plan that is reviewed annually — at least — to ensure that it is updated in line with developments. Lendo also ensures that the minimum capital commitment is used if it stops operating.

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The profit margin is determined based on the customer's credit study.

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Yes, Lendo Debt Crowdfunding Company is allowed to participate in financing opportunities offered through its platform to beneficiary enterprises, in accordance with the policy approved by the Board of Directors regulating the company's participation in financing, and in accordance with the regulations and instructions issued by the Saudi Central Bank. Lendo's participation in financing beneficiary enterprises is subject to the following policy:

1. The company's participation is legally permissible. Currently, there is nothing to prevent it from participating in debt crowdfunding operations by the Saudi Central Bank.

2. The company has a written policy approved by the Board of Directors that regulates the mechanism and controls for the company's participation in financing beneficiary enterprises.

3. The company's participation in any financing opportunity shall not be less than (5%) of the total amount of financing required for the beneficiary enterprise. The participation rate shall not exceed (25%) of the total amount of financing, unless the Saudi Central Bank decides otherwise.

4. The company's participation is based on a commercial basis and without violating the rights of the participant or affecting the neutrality of the platform or the mechanism for allocating opportunities.

5. Lendo is committed to disclosing through the platform in the event of its participation in any funding opportunity, including disclosing the company's participation in the opportunity.

Statement on Lendo's participation in financing beneficiary enterprises:

‍Lendo's participation in any of the funding opportunities offered through the platform is not, in any way, a recommendation or investment advice to participants. Therefore, the participant should not consider the company's participation in the opportunities offered, or the participation rates that are disclosed, as advice, guidance or confirmation of the feasibility of investing in any of the financing opportunities for the beneficiary enterprises. The participant must make the necessary assessment and study of the opportunities offered according to his discretion and level of risk, without relying on the company's participation or participation rates as a determining factor in making an investment decision.

Lendo platform or its officials, employees, agents, or anyone associated with Lendo shall not own an interest or have a material relationship with any transaction that may be concluded on the site that may result in a conflict of interest.

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Annual profits will be in the range of 9% - 24% depending on the company's risk assessment. Companies rated A will have lower returns than companies with returns D because of higher risk in the latter.

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Yes, it is the administrative fee. It is determined based on the customer's credit study and a maximum of 3%.

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According to Lendo platform regulations and policies, we collect data about investors in order to complete missing investor data and ensure its completeness. We also enhance the security aspects of the platform, which will be reflected in providing an ideal investment experience. The Compliance team at Lendo supervises and ensures that all information about investors is accurate and complete according to Lendo platform regulations, which grants them the authority to invest in the Lendo platform.

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In the event of default by the finance applicant, the necessary collection procedures will be applied in accordance with the laws, regulations and legislation specified by the Saudi Central Bank. We deal with delays or default in payment accurately, and work at the highest level of service to secure payments by small and medium enterprises on time.

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Lendo does not acquire the percentage of ownership of the companies it finances, but only obtains the value of the funding amount with profits.

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Customer satisfaction in Lendo is of utmost importance and we strive to find a solution to any issue you may encounter. You can always contact us through the company's available channels:

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Company toll-free number: 8001111806

‍Email: support@lendo.sa

Lendo charges an administrative fee (success fee) of 20% of the profits generated for each investment opportunity that is automatically deducted.

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The fundraising period for any beneficiary establishment should not exceed sixty (60) days. Lindo commits to transfer the funding amounts to the beneficiary entity within a period not exceeding five (5) working days from the date of completion of the required funding amount. If the collection of the required amount is not completed within the specified period, the funding campaign is considered cancelled. The company is obliged to refund the amounts paid by the participants within fifteen (15) calendar days from the end of the fundraising period.

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In the event of a material change in the circumstances or legal status of the beneficiary enterprise, the beneficiary entity must notify Lendo. Failure to comply with this will result in funding being considered due and must be repaid in accordance with the contract.

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Dividends are distributed on the due date when the company requesting funding is paid, with a grace period of two weeks from the due date. In the event of any delay in payment by the company requesting funding, Lindo will take the necessary legal action to collect the amount due, and investors will be notified of the updates.

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You can find out the expected profits from an investment before participating in the opportunity by accessing (Opportunity information) Then enter the amount you want to invest in the designated field on the left of the page.

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‍The granting of funding results in many important risks that may face the beneficiary entity, which should be fully aware of before making any decision or requesting funding. Therefore, the Lindo platform urges the beneficiary entity to be fully aware of all the risks, challenges and obligations associated with debt crowdfunding in order to ensure that decisions and requests are made by those seeking to obtain the amount of funding through the platform that are commensurate with their capabilities and ability to pay. The most prominent possible risks that may face the beneficiary entity that seeks to obtain the amount of funding through the Lindo platform include the following:

1. The risk of not covering the amount requested in the opportunity The beneficiary entity may face the risk of not completing the required amount in the opportunity. If the beneficiary enterprise is unable to collect the required amount in full, it may face delays in the implementation of its project or even its cancellation, which may lead to its inability to pay its financial obligations. In this case, the company has the option to either withdraw the invested amount, and the profit will be calculated on the new amount, or the amount is rejected and returned to investors at the opportunity.

‍2. Credit and default risks Failure to pay the funding amount on time may lead to legal action being taken against the beneficiary enterprise. The entity may also be listed in, negatively affecting its ability to obtain financial facilities or deal with financial institutions.

‍3. Legal and regulatory risks

‍- Failure to comply with the terms of the financing contract may result in fines or legal proceedings, cancellation of the funding request, or legal action against the beneficiary entity.

- Providing inaccurate information about the financial situation of the beneficiary entity or the purpose of the funding may lead to the cancellation of the funding request or the taking of legal action. In addition, dealing with unreliable parties or falling victim to fraud may lead to serious losses for the beneficiary enterprise and participants.

- Regulatory amendments - rules and regulations issued by the legislator - may affect funding conditions, which may force the beneficiary entity to adapt to new rules that may be more stringent.

Therefore, failure to read the terms and documents of the contract and understand all financial and legal terms accurately may lead to legal risks for the beneficiary entity, such as payment terms or delay penalties. Therefore, the Lindo platform encourages beneficiary enterprises to use financial or legal advisors or to read all terms and inquire about them with the Lindo platform before signing any financing contract.

For inquiries please contact us via the toll-free number 800 1111 806

Lendo does not charge fees in the case of deposits, and in the case of withdrawal, no fees are currently charged.

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By bank transfer. Note that Lindo does not receive any cash, checks or any amounts through Mada cards.

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In this case, the funding request submitted by the requesting company is cancelled and all amounts received will be returned to investors participating in the opportunity.

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You can upgrade the account to a qualified investor by sending a document proving that you meet one of the conditions specified by the Saudi Central Bank:

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- Total personal assets are not less than 3 million riyals.

- Or an annual income of not less than 600,000 Riyals in the last two years.

- At least 3 years of work experience in the financial sector in a professional job related to finance or investment.

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- A professional and recognized certificate related to credit or financial analysis.

For more details please Visit Lindo customer service center

Failure occurs if one or more of the following criteria are met:

- Lendo finds that the beneficiary entity is unable to pay the full amount of the financing after implementation on the guarantees provided

- The beneficiary entity is unable to pay any of the payments agreed upon with Lindo in whole or in part for a period exceeding (90) consecutive days

- After studying the case of the beneficiary entity in accordance with its internal policy or based on the legal or legal status of the establishment, or for any reason it deems related to the customer's inability to pay, the company finds that the entity is unable to meet its financial obligations.

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Our credit team carefully selects investment opportunities by collecting more than 150 data points. Many data are taken into account to calculate the risk level of the opportunity, and the company's ability to pay before offering any investment opportunity.

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Delays or missed opportunities are possible in the world of debt crowdfunding depending on the circumstances of the companies requesting funding and because this type of investment is high-risk. In the event of delay, measures will be taken as the case may be:

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- Opportunities that are beyond the due date of 1 to 15 days: (grace period)

The Lindo platform offers a deadline for companies to pay the opportunity, due to the payment procedures and transfer of money that may take several days after the due date.

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- Opportunities that are beyond the due date of 16 to 90 days: (late opportunity)

These opportunities are followed up and the reason for the delay is investigated by our team to ensure that the company pays off during this period in an urgent manner, and does not delay it any longer, with the imposition of a fine to be distributed to charities or medical institutions.

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- Opportunities that are more than 90 days overdue: (stalled opportunity)

In this case, the necessary collection procedures are applied in accordance with the laws, regulations and legislation set by the Saudi Central Bank. Our team deals with payment failure accurately and works at the highest level of service to secure payments by companies requesting funding.

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Lindo will charge a delay penalty of 2% per month on the profit margin. Moreover, all necessary legal measures will be taken to ensure repayment.

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At Lindo, we are constantly following up with our customers on the possibility of payment before the opportunity period is due, to ensure that there is no delay in payment.