LNDDO offers quick and easy financial support for SMEs

LNDDO offers quick and easy financial support for SMEs

UAE’s direct lending firm, LNDDO Digital Lending Limited has unveiled a new offering that is dedicated to engineering credit solutions for SMEs. Officially authorised and regulated by the Financial Services Regulatory Authority (FSRA) under Abu Dhabi Global Market (ADGM) jurisdiction, LNDDO is the first licensed digital lender in the UAE and MENA region.

Introducing a seamless and fully digital lending service, LNNDO uses advanced analytics and various B2B partnerships with leading payment service providers, e-commerce platforms and delivery aggregators to bring an exceptional level of service to its clients. Providing easy repayment options, the loans are suitable for digitally forward SMEs in various sectors, provided they have operating for a minimum of 12 months. The visionary firm also plans to expand to Egypt and Saudi Arabia as early as next year.

Ashraf Ghazaly, Founder and CEO of LNDDO, commented “We are so excited to introduce our functional, inclusive and one-of-a-kind, digital lending solution that is specifically created to help and support the region’s SMEs. We want to make the process of getting a business loan for small and medium-sized business simple, quick and seamless, and ensure that it is totally inclusive and easily accessible to all. By supporting SMEs and removing any obstacles that are in their way, we hope to encourage creativity, growth and originality in UAE SMEs and eventually help to grow the economy as a whole.”

Meanwhile, Adham Azzam, Co-Founder and COO of LNDDO, said “By mobilising capital for the merchants of our B2B partners, including payment service providers, e-commerce platforms and logistics companies, we will equip aspiring entrepreneurs and creative minds with the fuel they need to grow and achieve their goals. Given that the pandemic has led to a significant increase in digital transactions across the globe, we feel that now is a very appropriate time to launch our business. We’re aiming to change the landscape of the region’s SME lending scene by introducing an enhanced user experience, and an additional source of financing which is quick and easily accessible.”

Lost Password