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.
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.
