Lendo is first Saudi marketplace lending fintech offering shari’a compliant invoice financing to small and medium businesses
Lendo is a Saudi company registered as Limited liability companyetting industry.
Lendo is licensed financial technology that is authorized by the Saudi Arabian Monetary Agency.
Crowdfunding is the use of small amounts of capital from a large number of individuals to finance small and medium businesses. Crowdfunding have different forms such as equity funding or debt funding. Lendo offers crowd-lending, collecting money from individual investors to give loans to small and medium businesses.
Yes, all investments and financing operations carried out by Lendo are in accordance with the provisions Shari’ah law.
Please check Shari’ah page for more details
The satisfaction of our customers with the services of Lendo is very important to us. If we do not meet your expectations, please inform us. We take your complaint seriously and strive to find a solution to your problem. You can address your complaint to us either by post, e-mail or telephone:
Service Hotline: 9200 33026
Email: [email protected]
Address: Olaya St. Al Wurood Dist. Riyadh, Saudi Arabia
According to the regulations and policies of the Lendo platform, we collect data for investors in order to complete the missing data for the investor and ensure its completeness, and we also enhance the security aspects of the platform, which will reflect on providing an ideal investment experience. The compliance team at Lendo supervises and ensures that all information about investors is correct and complete in accordance with the regulations of the Lendo platform, which gives them the authority to invest in the Lendo platform.
Lendo offers swift financing with competitive fees and flexible terms.
Receivable invoices are the amounts owed to a company by its customers, while payable invoices are the amounts that a company owes to its suppliers.
Lendo takes a maximum of 3 days to review the profile of the company, once all the required documentation is provided
By applying on the Lendo platform, where Lendo funds up to 80% of the invoice value sold to the customer. For example, if the value of the goods is SR 100,000, then the company will finance SR 80,000, provided that the bill does not exceed a month.
Lendo does not acquire the percentage of ownership of the companies that finance it, but rather gets the amount of the financing amount with profits only.
The minimum financing amount is SAR 100,000, and the maximum financing amount is up to SAR 3,000,000.
Lendo does not take collaterals from SMEs. Lendo requires company and owners promissory note, and personal guarantees.
Lendo only accepts one time payment after the agreed financing period has concluded. We do not accept monthly installments.
Lendo charges management fees to small and medium businesses
Lendo’s profit rates ranges based on the risk assessment of the company start from 0.8% to 2% per month
Any Saudi or resident with valid ID, over the age of 18, and has local bank account can make investments on the platform.
Yes, they can invest but it depends on the nature of the organization.
It means your profile is under reveiw by the compliance team to verify your information. Once it has been verified, an approval email will be sent to you along with the IBAN transfer information.
After completing the registration process as an investor on the Lendo platform, an email containing the IBAN of the investment portfolio is sent, in which you can complete the transfer process.
The expected annual profits will be in the range of 9% – 18%, according to the company’s risk evaluation. Companies rated A will have lower returns than companies rated D because of the high risk.
The investor will obtain the money one time after the end of the financing period, as the period of any financing does not exceed six months. In case of any delays from the borrower, investors will be informed through the platform and emails.
This type of investment is considered a risky investment, so returns are appropriate to the risk level.
It is our risk assessment bands for each investment opportunity, please visit our scoring engine page to read all the details.
You can monitor your investments through your Dashboard in you profile.
The minimum amount for investment is SR 1,000.
The investment period starts from 1 month to a maximum of 6 months, starting from the date of completing or closing the investment opportunity. this duration is set from the SME based on the historical payment time of the clients.
Yes, you can withdraw any money in your wallet or money invested before the end of the investment period.
You can only cancel your investment if the opportunity has not been closed yet. Once it is has been closed you will not be able to cancel your investment as per your accepted contract: “Lender Participation Contract.”
Once your profile has been approved, you can start viewing the investment opportunities.
Through a bank transfer to the IBAN provided to you by email or in your account profile
Yes, for withdraw Lendo will charge 7 SR deducted from the amount.
For the Top-Up, lendo don’t charge you any but maybe there is a fee from your bank-side
The necessary procedures will be applied in accordance with the laws, regulations, and legislation set by SAMA. We deal with this matter strictly and work at the highest level of service to secure payments by SMEs on time.
These investments are unsecured loans, meaning we don’t take any collaterals from the SAMA. We take promissory notes and personal guarantees.
We charge 20% of the profit for each investment opportunity which is automatically deducteds.