Riyadh – Mubasher: Saudi fintech startup LDUN has raised a $4.80 million seed round led by Sadu Capital, along with Suhail Ventures and Nomu Angel Investment, according to a press release.
Licensed by the Saudi Central Bank (SAMA) under its regulatory sandbox, the startup will use the investment to boost SME purchasing power, improve supplier cash flow, and support the financial sector’s digital transformation.
LDUN provides factoring solutions to micro, small, and medium-sized enterprises (MSMEs), as its tech-driven platform facilitates trade credit between suppliers and retailers.
It was established in 2021 by Firas Alhamdan and Faisal bin Dukhail.
