Under the guidelines laid down in December 2020 by SAMA, you must be over 18 years old and have the legal right to invest if you wish to be an investor in crowdfunding platforms. You must also be a Saudi citizen or resident who has a legitimate residence and the investors are rated as “standard and qualified”
A natural person who provides an amount to financing for SMEs through crowdfunding platforms and does not meet SAMA criteria for a qualified or professional investor.
As a basic investor you can invest 25% of the total loan amount up to 50,000, And 200,000 annually.
Any investor who does meet SAMA criteria: one or more of the following:
– Have assets worth 3,000,000 or more – Currently working or previously working for a period of (3) years at least in the financial sector in a professional position related to finance or investment. – have a professional certificate in the field of finance or investment, approved by an internationally recognized authority. – His annual income is not less than 600,000 Saudi riyals in the past two years.
To Upgrade your account you need to upload one or more of these documents:
– Assets worth more than 5 M.
– Certificate in finance or investment field
– approve of annual income more than 600,000 for two years.
RISK WARNING
The competent finance team at Lendo evaluates the credentials of each business before finalizing a user agreement. As a buyer-centric entity, Lendo adheres to a set of compliance practices and mechanisms to ensure that only authentic listings are featured on the platform for funding purposes. Nonetheless, it is imperative for investors to understand that they are lending to SMEs which maybe at the early-stages of establishing their presence in the industry. Therefore, the level of risk associated with such investments is higher which could also result in a potential loss and delays in repayment. It is necessary to understand that you could lose your money.
Investment through Lendo involves financing to small and medium sized businesses, so your investment can go down as well as up.
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For any inquries please send us email on [email protected] [email protected]lendo.sa
