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About Lean Technologies
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$101.2M
Headquarters
Saudi Arabia
Founded
2019
Overview
LeanTech offers a suite of financial tools for businesses in the Middle East and North Africa (MENA) to enhance their financial services. Their products include payment solutions for account top-ups and deposits, as well as data solutions for credit risk scoring and KYC compliance. LeanTech stands out by providing a comprehensive infrastructure that simplifies financial operations and improves cash flow for clients. The company's goal is to empower businesses to optimize their financial offerings while ensuring trust and security through regulatory compliance.
Simplify's Take
What believers are saying
- Open banking adoption in MENA boosts LeanTech's API integration opportunities.
- Digital payments in MENA are growing, increasing demand for LeanTech's solutions.
- LeanTech's $67.5M Series B funding supports expansion in the fintech landscape.
What critics are saying
- Increased competition from MENA fintech startups like HyperPay and Manafa Capital.
- Potential regulatory challenges as LeanTech expands in the evolving MENA landscape.
- Dependency on partnerships may pose risks if they don't yield expected results.
What makes Lean Technologies unique
- LeanTech offers comprehensive financial tools tailored for the MENA region.
- The company provides seamless payment flows and enriched financial data solutions.
- LeanTech is regulated by ADGM and SAMA, ensuring high trust and security.
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Funding
Total Funding
$101.2M
Above
Industry Average
Funded Over
3 Rounds
General CatalystIndustry standards
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -4%2 year growth
↓ -4%Abu Dhabi Islamic Bank partners with Lean Technologies to advance 'financial innovation'
Saudi Arabia-based fintech Lean Technologies has secured $67.5 million in Series B funding round, led by General Catalyst, with participation from Bain Capital Ventures, Stanley Druckenmiller's Duquesne Family Office, and Arbor Ventures, among others.
Riyadh-based fintech Lean Technologies raised $67.5 million in Series B funding led by General Catalyst, marking its first investment in a Saudi startup. The round included Bain Capital Ventures, Duquesne Family Office, and Arbor Ventures, bringing Lean's total funding to over $100 million. Lean, founded in 2019, provides financial APIs and has processed over $2 billion in payment volumes. The funding will help expand its solutions in the Middle East's evolving fintech landscape.
Riyadh-based fintech infrastructure provider Lean Technologies has secured $67.5 million in Series B funding led by General Catalyst, bringing its total funding to over $100 million.
leantech.me has recently rolled out its product suite tailored for clients looking to integrate Open Banking into their platform swiftly with minimal technical investment.
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About Lean Technologies
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$101.2M
Headquarters
Saudi Arabia
Founded
2019
There are no jobs for Lean Technologies right now.
Find jobs on Simplify and start your career today