Riyadh – Sharikat Mubasher: Saudi fintech startup Lean Technologies is exploring new investments and expansion opportunities as it looks to diversify its products and prepare for a potential public listing, according to CEO Hisham Al-Falih.

As reported by Bloomberg, the company, known for its open banking and finance solutions, plans to invest in complementary businesses that can help it deliver a wider range of financial services to clients. Al-Falih said: “There are massive under-penetrated opportunities that we hear about from our customers,” noting strong demand in areas such as remittances, cross-border payments, and alternative credit solutions.

Backed by more than $100 million in venture funding from investors including General Catalyst, Lean is also monitoring growth opportunities in sectors like insurance, pensions, and investments.

Al-Falih added that expanding product offerings remains the company’s top priority as it builds toward a potential IPO, though no timeline has been set. Lean, which serves over 300 businesses across Saudi Arabia and the UAE, raised nearly $70 million in a Series B round last year and is “well-funded” for its next phase of growth.

Saudi Arabia’s fintech market continues to accelerate as new regulations supporting open banking drive innovation and investment across the region.