GCC fund invests signal fresh capital for Saudi fintechs. Jadwa Investment launches the Jadwa GCC Diversified Private Credit Fund, targeting SAR 750 million ($200 million). The Riyadh firm secures first close at over SAR 300 million ($80 million) and channels funds into two homegrown fintechs, Lendo and JeelPay.
Fund Launch Details
Jadwa Investment unveils the fund. This debut blind-pool private credit vehicle targets GCC markets and attracts institutional investors, plus high-net-worth individuals. The firm manages SAR 110 billion ($30 billion) in assets, covering equities, real estate, and fixed income. Fund leaders prioritize mid-market loans backed by solid cash flows and minimal default risks.
Investments in Fintechs
GCC fund invests flow to Lendo, a Shariah-compliant platform that advances cash against SME invoices. Lendo serves small businesses needing fast liquidity in Saudi Arabia. Its mobile app racks up over 133,000 downloads by late 2024, handling billions in invoice volumes. Jadwa supports Lendo’s push into underserved SME financing.
The fund also backs JeelPay, a licensed digital payments provider. JeelPay runs “Study Now, Pay Later” services for tuition at Saudi schools and universities. Families spread payments over time, easing education costs. Regulators at SAMA approve JeelPay’s buy-now-pay-later model, fueling its expansion.
Market Opportunity
Regulatory shifts in Saudi Arabia open doors for non-bank lenders like Jadwa. Banks shy away from mid-market risks, creating prime slots for private credit. M&A deals surge across the GCC, especially as UAE buyers eye Saudi assets. Vision 2030 fuels economic activity and funding demand.
Future Plans
Jadwa lines up two more transactions for early 2026. Focus stays on quality Gulf companies in resilient sectors. The team builds pipelines via direct contacts and financial advisors. Repeat deals with existing borrowers lock in steady investor returns.
Leadership Insights
Tariq Al Sudairy, Jadwa’s Managing Director and CEO, ties the launch to booming GCC dealmaking. He credits Saudi growth for the timing. Fidaa Haddad, Head of Private Credit, details the repeat-transaction model that trims expenses and boosts yields. Private credit fills gaps left by traditional banks.
Jadwa cements its role in Saudi fintech and regional lending. GCC fund invests drive innovation and scale for Lendo and JeelPay.
