Saudi fintech Lendo has signed a $50 million Murabaha facility with Jadwa GCC Private Credit Fund, managed by Jadwa Investment, to boost SME lending capacity. The agreement was unveiled at Money20/20 Middle East in Riyadh and supports Vision 2030 goals to raise SME lending to 20% by 2030. Press release:Lendo, the Saudi debt crowdfunding platform, has signed a Murabaha financing facility worth SAR 187.5 million (USD 50 million) with Jadwa GCC Private Credit Fund, a private credit fund managed by Jadwa Investment. The agreement marks a significant milestone for Saudi Arabia’s private credit landscape, combining Lendo’s fintech innovation with Jadwa’s expansion into private credit. The deal was announced at Money20/20 Middle East in Riyadh, aligning with Saudi Arabia’s goal to raise SME lending to 20% of total lending by 2030.