LDUN, a fintech startup from Saudi Arabia, has raised $4.8 million in seed funding. The round was led by Sadu Capital and also included Suhail Ventures, nomu Angels, and other investors.
With the new funding, LDUN plans to expand its financial products and build stronger partnerships with local and regional organizations. It aims to create a technology-first approach that makes financial processes easier for businesses.
The company’s long-term goal is to generate sustainable value for businesses, investors, and the Saudi economy.
LDUN also intends to speed up product development, scale its operations, and reach more micro, small, and medium-sized enterprises (MSMEs) across Saudi Arabia.
LDUN was founded in 2021 by Feras AlHamdan and Faisal bin Dkhil. It is a fintech company focused on making finance easier for small and medium-sized businesses (SMEs).
The company mainly provides factoring services to help micro, small, and medium enterprises (MSMEs) manage their cash flow efficiently.
LDUN provides a wide range of financial services, including Sharia-compliant BNPL, trade credit, factoring, and reverse factoring.
With these services, the company aims to help businesses manage cash flow and access flexible credit solutions, addressing one of their biggest challenges.
Through its platform, LDUN provides digital solutions that make trade credit transactions between suppliers and retailers easier and faster. This helps business owners increase their purchasing power.
It also helps suppliers improve cash flow and liquidity. This is especially important because MSMEs are the backbone of the Saudi economy and play a key role in long-term development.
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