Riyadh-based fintech infrastructure provider Lean Technologies has secured $67.5 million in Series B funding led by General Catalyst, bringing its total funding to over $100 million. It is the first investment by General Catalyst in a Saudi startup. The round also included participation from Bain Capital Ventures, Duquesne Family Office, and Arbor Ventures.
Founded in 2019 by Hisham Al-Falih, Aditya Sarkar, and Ashu Gupta, Lean provides data and payment tools through its financial APIs to help businesses build financial products for their customers in UAE & Saudi.
Regulated by ADGM in the UAE, the Saudi startup has processed over $2 billion in…
