Riyadh, Saudi Arabia — LDUN, a Saudi-based fintech specializing in trade credit solutions between suppliers and retailers, has successfully closed a $4.8 million seed funding round. The investment was led by Sadu Capital, with participation from Suhail Ventures and numu Angels.
Founded in 2021 by Firas Al-Hamdan and Faisal Bin Dakhil, LDUN is working to transform access to financing for micro, small, and medium enterprises (MSMEs). The company has received approval from the Saudi Central Bank (SAMA) within its legislative sandbox to practice factoring activities, a key milestone that positions LDUN to support retailers and suppliers with innovative credit solutions.
The fresh capital will enable LDUN to accelerate its growth, strengthen partnerships, and further expand its offerings in line with Saudi Arabia’s push for financial sector innovation under Vision 2030.
