- LDUN Secures Over $4.8 Million in Seed Funding Round
- Funding Round Led by Sadu Capital with Participation from Suhail Ventures and numu Angels
- Funding to Drive Expansion in Financing and Factoring Services Across Saudi Arabia
LDUN, a Saudi fintech company licensed by the Saudi Central Bank (SAMA), has successfully closed a Seed funding round exceeding $4.8 million.
The round was led by Sadu Capital, with participation from Suhail Ventures, numu Angels, and a group of private investors.
The fresh capital will be used to expand LDUN’s digital factoring services for micro, small, and medium enterprises (MSMEs), in alignment with Saudi Arabia’s Vision 2030 strategy.
About LDUN
Founded four years ago by Feras AlHamdan and Faisal BinDakhil ,LDUN was established to support the growth of factoring solutions in the Kingdom.
The company holds a license from SAMA under its regulatory sandbox framework to operate factoring services for MSMEs.
LDUN provides innovative solutions that streamline trade credit transactions between suppliers and retailers, helping business owners increase their purchasing power while enhancing suppliers’ cash flow.
By advancing digital factoring, LDUN contributes to the financial sector’s digital transformation journey and supports the objectives of the Financial Sector Development Program under Vision 2030.
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