Jadwa’s $200m GCC fund invests in two Saudi fintechs

• Fund invests in Lendo and JeelPay
• Two more investments this year
• Fintech funding continues to rise

Private equity company Jadwa Investment said its SAR750 million ($200 million) private credit fund has invested in two Saudi fintech companies.

The Jadwa GCC diversified private credit fund has deployed capital of SAR300 million into Lendo and JeelPay.

Lendo is a crowdfunding platform that offers SMEs services such as invoice financing.

JeelPay is described as a “study now, pay later” operator, allowing users to pay educational expenses in monthly installments instead of lump sums.

Two further investments are expected to close in the first half of 2026, Riyadh-based Jadwa, the investment banking arm of Egypt’s EFG Holding, said in a statement.

The fund is Jadwa’s first blind-pool regional private credit vehicle, offering institutional and private wealth investors access to high-quality opportunities in the GCC’s fast-growing private credit market.

A blind-pool private credit vehicle offers loans or debt financing for companies in a specific geographic region, but does not pre-identify individual assets or borrowers.

“Private credit is increasingly becoming a strategic allocation for sophisticated investors globally,” Jadwa Investment CEO Tariq Al-Sudairy said. 

Jadwa Investment manages more than SAR100 billion in client assets.

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This month AGBI reported that fintechs accounted for more than half of all venture capital funding raised in the Middle East in 2025 and should benefit from another big year in 2026.

In the 11 months to November 2025, fintechs accounted for more than $4 billion in funding in the region – over half the $7.5 billion raised, according to research platform Wamda.

In October Mohammed El-Kuwaiz, chairman of the Capital Market Authority, said private credit may be a fast-growing asset class in Saudi Arabia, but remains “nothing” in the context of the kingdom’s massive asset management industry.

Saudi Arabia’s asset management industry is valued at just over SAR1 trillion, but private credit is worth only SAR5 billion, he said.