Lean Technologies
Lean Technologies builds MENA open banking and payments APIs, licensed by SAMA and ADGM, and raised $67.5 million in Series B led by General Catalyst.
Based in Riyadh, founded 2019
The numbers
$371mValuation
$105mTotal raised
165Headcount
28.9%Headcount growth
2019Founded
Why it’s on the list
Lean Technologies is MENA’s leading open banking platform, with a $67.5 million Series B led by General Catalyst.
Funding history
2020Seed$4m
2022Series A$33m
2024Series B$67.5m
Backed by
Peak XV PartnersJIMCO (Jameel Investment Management Co.)General CatalystMichael OvitzFaisal Al-RajhiJeff ImmeltHenrique DubugrasGlobal VenturesKhwarizmi Ventures500 GlobalOutliers Venture CapitalRAED VenturesFatima Gobi VenturesBreyer CapitalShorooqHUMAN CAPITALSaudi Venture Capital Investment CompanyBain Capital Ventures (BCV)Liberty City VenturesOlive Tree CapitalAlturki VenturesArbor VenturesDuquesne Family Office LLCHOF Capitalavra
On Founding MENA
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