LDUN Fintech, a Saudi-based financial technology company licensed by the Saudi Central Bank (SAMA) under the Regulatory Sandbox, has announced the successful closure of its Seed funding round, securing over $4.8 million in new capital. This significant milestone marks an important step in LDUN’s journey to expand its innovative financial services and further strengthen the fintech ecosystem in Saudi Arabia.
The Seed round was led by Sadu Capital, a prominent investment firm focused on empowering high-potential startups, with additional participation from Suhail Ventures, numu Angels, and a select group of strategic investors. The successful fundraising reflects strong confidence in LDUN’s business model, its leadership team, and its potential to reshape trade credit solutions for businesses across the Kingdom.
LDUN has been authorized by the Saudi Central Bank within the Regulatory Sandbox to operate in the field of factoring services for micro, small, and medium-sized enterprises (MSMEs). By focusing on this critical segment of the economy, LDUN addresses one of the most pressing challenges faced by businesses today: managing cash flow and accessing flexible credit solutions.
Through its platform, the company provides innovative digital solutions that simplify and automate trade credit transactions between suppliers and retailers. This not only helps business owners enhance their purchasing power but also improves liquidity and cash flow for suppliers, creating a more resilient and efficient financial ecosystem. Such solutions are particularly vital for MSMEs, which form the backbone of the Saudi economy and are central to the government’s long-term development plans.
The company’s vision is strongly aligned with Saudi Vision 2030, especially the Financial Sector Development Program, which seeks to promote digital transformation, increase financial inclusion, and enable private sector growth. By leveraging advanced fintech solutions such as factoring, LDUN is contributing to the Kingdom’s broader goals of economic diversification and digital innovation.
Founded in 2021 by entrepreneurs Feras AlHamdan and Faisal bin Dkhil, LDUN has quickly established itself as a promising player in the fintech landscape. The founding team brings a wealth of expertise and a shared commitment to empowering businesses through technology-driven financial services. With the new capital raised, LDUN aims to accelerate product development, scale its operations, and reach a larger base of micro, small, and medium-sized enterprises across the Kingdom.
Looking ahead, LDUN intends to expand its suite of financial products, strengthen partnerships with local and regional stakeholders, and continue building a technology-first approach that simplifies complex financial processes. The company’s long-term strategy revolves around creating sustainable value for businesses, investors, and the broader Saudi economy.
With its strong investor backing, regulatory approval, and a growing demand for smarter financial solutions, LDUN is poised to become a key enabler of digital transformation in the financial sector and a catalyst for empowering the next generation of businesses in Saudi Arabia.
