LNDDO, a UAE-based Small Medium Enterprise finance provider has successfully raised $3 million in its seed round, Wamda reported.
The funding will be used for the startup’s expansion plans into Egypt and Saudi Arabia next year.
LNDDO is a credit service for SMEs in the UAE to access short-term financing for immediate business needs. It claims to provide a simple application process with a quick turnaround for approved funds.
The round was backed by a network of key investors led by Sheikh Tahnoon bin Shakhboot Al-Nahyan.