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Lean Technologies raises USD 33 mln in Series A

Thursday 20 January 2022 12:08 CET | News

Saudi financial technology startup Lean Technologies has raised USD 33 million in its series A funding round led by Sequoia Capital India.

The startup provides a platform that allows its clients to integrate with their customer's bank accounts to retrieve relevant information or initiate bank transfers. The proprietary technology is used by several financial players in the region, across different verticals including remittances, cryptocurrency, and investment. 

The investment happens in the background of a burgeoning regional financial ecosystem, characterized by fintech sandboxes and forward-thinking regulations. Lean aims to be the first Saudi aggregator to help the financial sector within the Kingdom, which it ties back to the ambitious 2030 vision that includes financial objectives.


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Keywords: funding, Open Banking, fintech, startup, personal finance management
Categories: Banking & Fintech
Companies:
Countries: Saudi Arabia
This article is part of category

Banking & Fintech