ADGM Approved Digital Fintech Lender Provides Easy Financial Support to UAE SMEs
LNDDO Digital Lending Limited, the first authorized digital lender in the UAE and MENA region, has launched a service that provides lending solutions to SMEs. Officially licensed and regulated by the Financial Services Regulatory Authority (FSRA) under the jurisdiction of the Abu Dhabi Global Market (ADGM), LNDDO is designed to empower SMEs and encourage them to realize their full potential.
According to the UAE’s Ministry of Economy, over 94% of the country’s businesses are SMEs and this sector employs over 86% of the private sector workforce. Unfortunately, the sector has been hit hardest by the pandemic. . By providing fast, accurate and reliable credit services, LNDDO will allow entrepreneurs and SMEs to focus on developing their creativity and achieving their goals.
Showcasing a transparent and fully digital loan service, LNNDO uses advanced analytics and various B2B partnerships with leading payment service providers, e-commerce platforms and delivery aggregators to deliver an exceptional level of service to its customers. Offering easy repayment options, the loans are suitable for digital transfer SMEs in a variety of industries, as long as they have been in operation for at least 12 months.
Providing small business loans with a quick and easy approval process, the company provides entrepreneurs with the capital they need to grow their business even if they don’t have audited financial statements. In a business statement, the loan decision process only takes a few minutes and the funds can be disbursed and made available within a week.
Achraf Ghazaly, Founder and CEO of LNDDO, said: âWe are delighted to present our functional, inclusive and one-of-a-kind digital lending solution, specially created to help and support SMEs in the region. We want to make the process of obtaining a business loan for these SMEs simple, fast and transparent, and to make it completely inclusive and easily accessible to everyone. By supporting SMEs and removing any obstacles that stand in their way, we hope to encourage creativity, growth and originality in SMEs in the UAE and ultimately contribute to the growth of the economy in the United Arab Emirates. his outfit.
LNNDO intends to expand to Egypt and Saudi Arabia as early as next year.