A booster shot for UAE’s SMEs

A booster shot for UAE’s SMEs

Abu Dhabi, United Arab Emirates: LNDDO Digital Lending Limited, UAE’s innovative digital lender, is delighted to announce that it is now able to offer significantly more funding for SMEs and allow businesses to access loans ten times faster than the traditional way.

Just a one month after launching, the first licensed digital lender in the UAE and MENA region has welcomed several major developments. LNDDO has raised a Seed Round of USD 3 million led by H.H. Sheikh Tahnoon Bin Shakhboot Al Nahayan, to support LNDDO with its plans to boost the SME sector and strengthen the economy as a whole. Alongside this additional investment, LNDDO has also worked on optimizing and improving the efficiency of its application and loan approval processes. Through its strategic partnerships with various payment service providers, LNDDO has been able to drastically reduce end-to-end loan processing time. This translates into quicker working capital for SMEs which they can use for productive purposes such as adding new inventory, hiring new staff, marketing campaigns, etc.

LNDDO is revolutionizing the SME lending space and offering ten-time faster turnaround time versus the norm. In standard cases, applying for a small business loan in the UAE was a lengthy