Lendo and Quantic open up to $200 million funding channel for Saudi SMEs

Saudi fintech Lendo and Vienna-based asset manager Quantic Financial Solutions have launched a program that can deploy up to SAR 750 million ($200 million) to small and medium-sized businesses in the Kingdom. This is not a $200 million equity investment in Lendo: Quantic’s institutional capital will flow through Lendo’s Saudi Central Bank-supervised, Shariah-compliant debt crowdfunding platform to fund working capital—the cash businesses need to keep operating while awaiting payment from customers. Lendo will arrange the financing and Quantic will oversee the capital’s deployment, while also planning investment products backed by the financed assets for international investors. The structure could broaden access to short-term funding for Saudi businesses and create a repeatable route for overseas institutional money into the market.