Saudi fintech startup LDUN, licensed by the Saudi Central Bank (SAMA) under its regulatory sandbox, has successfully closed its $4.8 million seed round.
The round was led by Sadu Capital, with participation from Suhail Ventures and Nomu Angel Investment.
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Founded in 2021 by Firas Alhamdan and Faisal Bin Dukhail, LDUN focuses on offering factoring solutions to micro-small-and medium-sized enterprises (MSMEs).
Its tech-driven platform facilitates trade credit between suppliers and retailers, aiming to improve purchasing power for business owners, enhance suppliers’ cash flows, and support the financial sector’s digital transformation.
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