Wed, 2021-02-03 00:15
JEDDAH: Saudi financial technology (fintech) company Lendo was chosen among ten startups to join Google’s first accelerator in the Middle East and North Africa.
The Riyadh-based startup is a peer-to-peer lending platform that offers instant short-term finance-against-invoice solutions for small and medium-sized enterprises (SMEs).
It enhances young companies’ cash flow by allowing them to borrow money from individual lenders against their outstanding invoices, reducing the time and effort it takes to secure immediate funding.
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