Riyadh – Exclusive Sharikat Mubasher: On the sidelines of the Biban 24 Conference, Yaser Alqwedy, Companies Financing Relations Manager at Lendo told Sharikat Mubasher that the company plays an intermediary role in connecting investors, either individuals or groups, with businesses in need of finance.
Alqwedy said that Lendo targets small and medium enterprises within the commercial, industrial, or construction sectors.
The official added that Lendo provides a mobile application for users from both sides to search and opt for a suitable investment opportunity based on the risk factor that varies between A, B, and C for the biggest risk rate and biggest interest.
Lendo is a Shariah-compliant, debt crowdfunding, peer-to-peer (P2P) digital lending marketplace that helps pre-finance outstanding invoices for businesses in Saudi Arabia. Licensed by the Saudi Central Bank (SAMA), the platform is a community of creditworthy borrowers and sophisticated investors looking for alternative investments.
Expected to welcome over 160,000 visitors, Biban 2024 will provide 10,000 investment and entrepreneurial opportunities, 420 workshops for over 19,000 beneficiaries, and consultation and guidance sessions for more than 5,000 beneficiaries.
