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Entrepreneurs

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

Erad hopes to help bridge the $250 billion credit gap faced by Gulf SMEs

Saudi startup Erad secures $16m to fund small businesses

Erad, a Riyadh-based fintech startup, has secured $16 million in pre-Series A funding to fuel its expansion, according to a press release. Erad provides Sharia-compliant financial services to small and medium-sized enterprises (SMEs). It has so far raised funding of SAR 100 million ($27 million) in Saudi Arabia and the UAE. The round was backed […]

Satish Sanpal: 'Luck might place you at the foot of the ladder, but without hard work you won’t climb very far'

60 seconds with Satish Sanpal, chairman of ANAX Holding

Satish Sanpal established ANAX Holding in Dubai in 2018 as a diversified investment entity. Today, ANAX Holding operates across multiple sectors, including real estate development, hospitality and financial services. ANAX Developments, one of its key subsidiaries, has emerged as a prominent real estate developer in Dubai, delivering high-demand projects across the city. What one piece […]

In association with
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 […]

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