The Lending Hub Nets $3.20 Million in Investment Round

The Lending Hub, a Saudi Arabian peer-to-peer crowdfunding solutions provider, has closed a SAR 12 million ($3.20 million) investment round. The round, which took place during the FinTech24 conference in Riyadh, was led by Embark and angel investors. The funds will be used to expand and introduce additional financing solutions.^[1]  

Embarek is a business development organization promoting innovation in financial technology. Embark aims to create a positive impact aligned with Saudi Vision 2030 by supporting startups and projects in tech, finance, and AI.

Founded in 2023, The Lending Hub connects individuals seeking financing with investors through its peer-to-peer platform.