Silicon Valley firm General Catalyst invests $67.5M in Saudi fintech startup Lean Technologies.

Silicon Valley's General Catalyst has made its first investment in Saudi Arabia through fintech startup Lean Technologies, which recently closed a $67.5 million Series B round. Lean Technologies, which provides financial infrastructure for secure data-sharing, has raised over $100 million to date. The investment reflects growing interest in Saudi Arabia's fintech sector, which is expected to reach up to $4.5 billion in value by 2025, aiding the country's Vision 2030 goal of diversifying its economy beyond oil.

November 11, 2024
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