Lean Technologies, a Riyadh-based fintech infrastructure platform, has secured $67.5 million in Series B funding round led by General Catalyst. The round also saw participation from Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, and Arbor Ventures, among others.

Why it Matters? The first investment from General Catalyst and Bain Capital Ventures in Saudi Arabia, and the first Duquesne Family Office’s investment in the MENA region.

More to Know:

• Lean Technologies was founded in 2019 by Hisham Al-Falih, Ashu Gupta and Aditya Sarkar.
• This brings Lean’s total funding to over $100 million to date.
• Lean Technologies uses open banking to make financial data and payments more accessible, transparent, and beneficial for consumers and businesses.

Related Comments:

• Hisham Al-Falih, CEO and Co-Founder of Lean Technologies said: “goal has always been to create a financial ecosystem that prioritizes accessibility and inclusion, empowering consumers and SMEs to access the tools they need for growth. With this new investment, we’re energized to expand our solutions and continue supporting businesses of all sizes in delivering secure, impactful financial services that meet the needs of a dynamic region.”