Lendo valuation, funding and investors
Lendo works in islamic SME financing solutions, based in Riyadh, Saudi Arabia. Founded in 2018, it has about 170 employees.
- Last round
- Series B · $28.0M · Dec 2023
- Valuation at last round
- $157M · implied
- Headcount
- 170 · flat
- Grade
- D
- Founded
- 2018
Lendo valuation today
VCMC values Lendo at $266M today, with a range of $40.7M to $378M and a grade of D. The valuation starts from its last funding round, a Series B round in Dec 2023.
Valuation by date (109 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2018 | $5.91M | $2.15M – $16.2M | $8.10M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $6.07M | $2.21M – $16.7M | $8.32M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $6.22M | $2.26M – $17.1M | $8.53M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $6.39M | $2.33M – $17.5M | $8.76M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $6.56M | $2.39M – $18.0M | $8.99M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $6.73M | $2.45M – $18.5M | $9.23M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $6.91M | $2.52M – $19.0M | $9.47M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $7.10M | $2.58M – $19.5M | $9.57M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $7.29M | $2.65M – $20.0M | $9.66M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $7.48M | $2.72M – $20.6M | $9.74M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $7.68M | $2.80M – $21.1M | $9.83M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $7.89M | $2.87M – $21.7M | $9.92M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $8.10M | $2.95M – $22.3M | $10.0M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $8.32M | $3.03M – $22.9M | $10.1M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $8.53M | $3.10M – $23.4M | $10.2M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $8.76M | $3.19M – $24.1M | $10.3M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $8.99M | $3.27M – $24.7M | $10.4M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $9.23M | $3.36M – $25.4M | $10.5M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $9.47M | $3.45M – $26.0M | $10.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $9.57M | $3.48M – $26.3M | $10.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $9.66M | $3.52M – $26.5M | $10.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $9.74M | $3.55M – $26.8M | $10.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $9.83M | $3.58M – $27.0M | $11.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $9.92M | $3.61M – $27.2M | $11.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $10.0M | $3.64M – $27.5M | $11.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $10.1M | $3.68M – $27.8M | $11.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $10.2M | $3.71M – $28.0M | $11.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $10.3M | $3.74M – $28.2M | $11.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $10.4M | $3.78M – $28.5M | $11.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $10.5M | $3.81M – $28.8M | $11.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $10.6M | $3.85M – $29.0M | $11.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $10.7M | $3.88M – $29.3M | $11.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $10.8M | $3.92M – $29.6M | $12.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $10.9M | $3.95M – $29.8M | $12.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $11.0M | $3.99M – $30.1M | $12.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $11.1M | $4.02M – $30.4M | $12.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $11.2M | $4.06M – $30.6M | $12.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $11.3M | $4.10M – $30.9M | $12.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $11.3M | $4.13M – $31.2M | $12.6M (+11%) | before first round | – | unknown | D | 0% |
| 15 Mar 2021 | $32.8M | $21.5M – $89.8M | $59.0M (+80%) | after a round | – | unknown | C | 0% |
| 1 Apr 2021 | $33.8M | $21.5M – $89.8M | $59.0M (+75%) | after a round | – | unknown | C | 0% |
| 1 May 2021 | $35.4M | $21.5M – $89.8M | $59.0M (+67%) | after a round | – | unknown | C | 0% |
| 1 Jun 2021 | $37.2M | $21.5M – $89.8M | $59.0M (+59%) | after a round | – | unknown | C | 0% |
| 1 Jul 2021 | $39.1M | $21.5M – $89.8M | $59.0M (+51%) | after a round | – | unknown | C | 0% |
| 1 Aug 2021 | $41.1M | $21.5M – $89.8M | $59.0M (+44%) | after a round | – | unknown | C | 0% |
| 1 Sep 2021 | $43.2M | $21.5M – $89.8M | $59.0M (+37%) | after a round | – | unknown | C | 0% |
| 1 Oct 2021 | $45.3M | $21.5M – $89.8M | $59.0M (+30%) | after a round | – | unknown | C | 0% |
| 1 Nov 2021 | $47.6M | $21.5M – $89.8M | $59.0M (+24%) | after a round | – | unknown | C | 0% |
| 1 Dec 2021 | $50.0M | $21.5M – $89.8M | $59.0M (+18%) | after a round | – | unknown | C | 0% |
| 1 Jan 2022 | $52.5M | $21.5M – $89.8M | $59.0M (+12%) | after a round | – | unknown | C | 0% |
| 1 Feb 2022 | $55.2M | $21.5M – $89.8M | $59.0M (+7%) | after a round | – | unknown | C | 0% |
| 1 Mar 2022 | $57.8M | $21.5M – $89.8M | $59.0M (+2%) | after a round | 34 | unknown | C | 0% |
| 1 Apr 2022 | $59.0M | $20.9M – $89.8M | $59.0M (0%) | after a round | 34 | unknown | C | 0% |
| 1 May 2022 | $59.0M | $19.9M – $89.8M | $59.0M (0%) | after a round | 34 | unknown | C | 0% |
| 1 Jun 2022 | $59.0M | $18.9M – $89.8M | $59.0M (0%) | after a round | 34 | unknown | C | 0% |
| 1 Jul 2022 | $59.0M | $18.0M – $89.8M | $59.0M (0%) | after a round | 34 | unknown | C | 0% |
| 1 Aug 2022 | $59.0M | $17.1M – $89.8M | $59.0M (0%) | after a round | 34 | unknown | C | 0% |
| 1 Sep 2022 | $59.0M | $16.3M – $89.8M | $59.0M (0%) | after a round | 34 | unknown | C | 0% |
| 1 Oct 2022 | $59.0M | $15.5M – $89.8M | $59.0M (0%) | after a round | 34 | unknown | C | 0% |
| 1 Nov 2022 | $59.0M | $14.7M – $89.8M | $59.0M (0%) | after a round | 34 | unknown | C | 0% |
| 1 Dec 2022 | $59.0M | $14.0M – $89.8M | $59.0M (0%) | after a round | 34 | unknown | C | 0% |
| 1 Jan 2023 | $59.0M | $13.3M – $89.8M | $59.0M (0%) | after a round | 34 | unknown | C | 0% |
| 1 Feb 2023 | $59.0M | $12.7M – $89.8M | $59.0M (0%) | after a round | 34 | unknown | C | 0% |
| 1 Mar 2023 | $59.0M | $12.1M – $89.8M | $59.0M (0%) | after a round | 34 | unknown | D | 0% |
| 1 Apr 2023 | $59.0M | $11.5M – $89.8M | $59.0M (0%) | after a round | 34 | unknown | D | 0% |
| 1 May 2023 | $59.0M | $22.1M – $89.8M | $59.0M (0%) | after a round | 74 | growing | C | 0% |
| 1 Jun 2023 | $59.0M | $22.1M – $89.8M | $59.0M (0%) | after a round | 74 | growing | C | 0% |
| 1 Jul 2023 | $59.0M | $22.1M – $89.8M | $59.0M (0%) | after a round | 74 | growing | C | 0% |
| 1 Aug 2023 | $59.0M | $22.2M – $89.8M | $59.0M (0%) | after a round | 74 | growing | C | 0% |
| 1 Sep 2023 | $59.0M | $22.2M – $89.8M | $59.0M (0%) | after a round | 74 | growing | C | 0% |
| 1 Oct 2023 | $59.0M | $8.51M – $89.8M | $59.0M (0%) | after a round | 74 | unknown | D | 0% |
| 1 Nov 2023 | $59.0M | $11.9M – $89.8M | $58.7M (-1%) | after a round | 97 | up | D | 0% |
| 1 Dec 2023 | $59.0M | $11.6M – $89.8M | $58.6M (-1%) | after a round | 97 | up | D | 0% |
| 11 Dec 2023 | $157M | $111M – $334M | $235M (+50%) | after a round | 97 | up | B | 0% |
| 1 Jan 2024 | $161M | $111M – $334M | $235M (+46%) | after a round | 97 | up | B | 0% |
| 1 Feb 2024 | $166M | $111M – $334M | $235M (+41%) | after a round | 97 | up | B | 0% |
| 1 Mar 2024 | $172M | $111M – $335M | $236M (+37%) | after a round | 99 | up | B | 0% |
| 1 Apr 2024 | $179M | $114M – $343M | $242M (+35%) | after a round | 110 | growing | B | 0% |
| 1 May 2024 | $186M | $114M – $343M | $242M (+30%) | after a round | 110 | growing | B | 0% |
| 1 Jun 2024 | $193M | $114M – $343M | $242M (+25%) | after a round | 110 | growing | B | 0% |
| 1 Jul 2024 | $200M | $114M – $343M | $242M (+21%) | after a round | 110 | growing | B | 0% |
| 1 Aug 2024 | $207M | $114M – $343M | $242M (+17%) | after a round | 110 | growing | B | 0% |
| 1 Sep 2024 | $221M | $118M – $356M | $251M (+14%) | after a round | 130 | growing | B | 0% |
| 1 Oct 2024 | $230M | $118M – $356M | $251M (+9%) | after a round | 130 | growing | B | 0% |
| 1 Nov 2024 | $239M | $118M – $356M | $251M (+5%) | after a round | 130 | up | B | 0% |
| 1 Dec 2024 | $244M | $116M – $350M | $247M (+1%) | after a round | 120 | up | B | 0% |
| 1 Jan 2025 | $247M | $115M – $350M | $247M (0%) | after a round | 120 | up | B | 0% |
| 1 Feb 2025 | $247M | $115M – $350M | $247M (0%) | after a round | 120 | up | B | 0% |
| 1 Mar 2025 | $247M | $114M – $350M | $247M (0%) | after a round | 120 | up | B | 0% |
| 1 Apr 2025 | $247M | $113M – $350M | $247M (0%) | after a round | 120 | up | B | 0% |
| 1 May 2025 | $247M | $113M – $350M | $247M (0%) | after a round | 120 | up | B | 0% |
| 1 Jun 2025 | $247M | $112M – $350M | $247M (0%) | after a round | 120 | up | B | 0% |
| 1 Jul 2025 | $247M | $112M – $350M | $247M (0%) | after a round | 120 | up | B | 0% |
| 1 Aug 2025 | $260M | $134M – $370M | $260M (0%) | after a round | 154 | growing | B | 0% |
| 1 Sep 2025 | $260M | $136M – $370M | $260M (0%) | after a round | 154 | growing | B | 0% |
| 1 Oct 2025 | $260M | $116M – $370M | $260M (0%) | after a round | 154 | up | B | 0% |
| 1 Nov 2025 | $262M | $116M – $372M | $262M (0%) | after a round | 159 | up | B | 0% |
| 1 Dec 2025 | $262M | $115M – $372M | $262M (0%) | after a round | 159 | up | B | 0% |
| 1 Jan 2026 | $262M | $96.9M – $372M | $262M (0%) | after a round | 159 | up | C | 0% |
| 1 Feb 2026 | $262M | $95.1M – $372M | $262M (0%) | after a round | 159 | up | C | 0% |
| 1 Mar 2026 | $262M | $93.5M – $372M | $262M (0%) | after a round | 159 | up | C | 0% |
| 1 Apr 2026 | $262M | $91.7M – $372M | $262M (0%) | after a round | 159 | up | C | 0% |
| 1 May 2026 | $262M | $90.0M – $372M | $262M (0%) | after a round | 159 | up | C | 0% |
| 1 Jun 2026 | $262M | $50.9M – $372M | $252M (-4%) | after a round | 159 | flat | C | 0% |
| 1 Jul 2026 | $262M | $48.4M – $372M | $250M (-5%) | after a round | 159 | flat | D | 0% |
| 1 Aug 2026 | $262M | $46.0M – $372M | $248M (-5%) | after a round | 159 | flat | D | 0% |
| 1 Sep 2026 | $266M | $44.3M – $377M | $253M (-5%) | after a round | 169 | flat | D | 0% |
| 1 Oct 2026 | $266M | $42.2M – $378M | $252M (-5%) | after a round | 170 | flat | D | 0% |
| 24 Oct 2026 | $266M | $40.7M – $378M | $188M (-29%) | after a round | 170 | flat | D | 0% |
Key facts about Lendo
- Founded
- 2018
- Headquarters
- Riyadh, Saudi Arabia
- Employees
- about 170 +10% in a year
- Total raised
- $725M
- Funding rounds
- 3
- Last round
- Debt Jan 2025
Lendo was founded in 2018 by Mohamed Jawabri and Osama Alraee.
Lendo funding history
Lendo has 3 funding rounds on record, from Mar 2021 to Jan 2025, $725M in total. None disclosed a valuation.
Debt 30 Jan 2025no round page
Led by J.P. Morgan.
Sources: lendo.sa, decypha.com, fintechnews.ae and 2 more
$690M
Series B 10 Dec 2023
Led by Sanabil; with Shorooq Partners, AB Ventures.
Sources: lendo.sa, entarabi.com, fintechfutures.com and 4 more
$28M
Series A 14 Mar 2021
Led by Derayah Ventures; with SEEDRA Ventures, Shorooq Partners, 500 Global, Impact46.
Sources: lendo.sa, waya.media, menabytes.com and 4 more
$7.2M
Lendo investors
9 investors have backed Lendo; Derayah Ventures, J.P. Morgan and Sanabil led at least one round.
- Derayah Ventures lead
- J.P. Morgan lead
- 500 Global
- Shorooq Partners
What Lendo does
Lendo works in loans & financing, with 8 recorded offerings and customers in financial services and small and medium enterprises.
Lendo Saudi Financial Services (شركة ليندو السعودية للتمويل) is a Saudi Arabian closed joint-stock company engaged in providing Islamic finance solutions for small and medium-sized enterprises. The company operates a peer-to-peer financing platform that connects SMEs with investors, offering services such as invoice financing, short-term financing, and investment opportunities. Lendo is licensed by the Saudi Central Bank and holds a Shariah compliance certificate.
Description from Veridion's company data.
Products and services
- Islamic SME Financing Solutions
- Peer-to-Peer Islamic Lending Services
- Invoice Financing Services
- Short-Term Financing Services
- SME Investment Opportunity Services
- Credit Risk Assessment and Management
- Investment Evaluation and Risk Analysis
- Sustainable SME Growth Financing Services
Markets
- Financial Services
- Small and Medium Enterprises
Certifications
- Shariah compliant
Business model
- Business-to-Business
- Crowdfunding
Industry codes (NAICS)
- 522299 International, Secondary Market, and All Other Nondepository Credit Intermediation 70% match
- 523940 Portfolio Management and Investment Advice 30% match
Questions about Lendo
What is Lendo worth?
Valuation $266M (range $40.7M to $378M), as of 24 Oct 2026.
Has Lendo raised money?
Lendo has 3 funding rounds on record, from Mar 2021 to Jan 2025, $725M in total. None disclosed a valuation.
Who has invested in Lendo?
Derayah Ventures, J.P. Morgan, Sanabil, 500 Global, AB Ventures and Impact46, and 3 more. Lead investors include Derayah Ventures, J.P. Morgan and Sanabil.
How many people work at Lendo?
About 170, up 10% over the last year. Headcount grew from 34 in Mar 2022 to 170 in Sep 2026.
What does Lendo do?
Lendo works in loans & financing, with 8 recorded offerings and customers in financial services and small and medium enterprises. Its main offerings are islamic SME financing solutions, peer-to-peer islamic lending services and invoice financing services.
When was Lendo founded, and where is it based?
Lendo was founded in 2018 and is based in Riyadh, Saudi Arabia. It has about 170 employees, up 10% over the last year.