The Lending Hub, a Saudi-based lending platform, has raised $3.2 million in a funding round led by Embark and angel investors, according to the platform announcement.

Why it Matters? A new P2P lending platform attracts investors in Saudi Arabia.

More to Know:

• The Lending Hub was founded in 2023 to provide peer-to-peer lending solutions.
• The new funds will be used to scale and develop new lending products, the company said.