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Entrepreneurs

Exclusive interviews with entrepreneurs from the Middle East and beyond. All the important stories, plus authoritative opinion and analysis

Lendo and J.P. Morgan executives signing the facility, which is expected to create new jobs in Saudi Arabia

Lendo raises $690m to fund SME growth in Saudi Arabia

Lendo, a Saudi debt crowdfunding platform, has secured a SAR2.6 billion ($690 million) facility to fund more small and medium-sized enterprises (SMEs) in the kingdom. The facility, led by J.P. Morgan, will expand its lending capacity, introduce new innovative products, and expand SME coverage in the kingdom, says the company.  This aligns with Vision 2030’s […]

Startup Zension says smartphones have at least a seven-year lifespan but on average are used for just three

Saudi Aramco leads $30m investment in tech startup

Wa’ed Ventures, the $500 million venture capital fund owned by Saudi Aramco, and Japanese conglomerate Sumitomo have invested in Zension Technologies, a consumer electronics startup. Wa’ed led the funding raise of $30 million, which also included Dubai-based Global Ventures.  Based in Riyadh, Zension provides consumers with access to the latest tech devices. Instead of purchasing devices […]

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