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Saudi Arabia’s Lendo and Austria’s Quantic have announced an institutional capital program of up to 750 million riyals, allocated to finance working capital for small and medium-sized enterprises in the Kingdom. The agreement gives Lendo greater financing capacity, with the possibility of structuring Sharia-compliant investment products for international investors.
Saudi e-commerce platform Salla has acquired Saudi Central Bank-licensed fintech company Paylink, aiming to integrate its payments infrastructure into the platform’s commerce ecosystem. The move will focus on accepting and managing payments through electronic and physical channels, with support for SoftPOS, international payments, and multiple currencies.