Regional Growth
Operating under the Abu Dhabi Global Market (ADGM) regulations in the UAE, the firm has successfully managed over $2 billion in transactions.
Its diverse clientele features notable names such as the telecommunications provider e&, property development firm DAMAC, and the ride-hailing platform Careem.
In Saudi Arabia, Lean has rolled out data solutions within the regulatory sandbox established by the Saudi Central Bank—an environment designed for testing financial innovations in a secure manner.
This initiative has allowed clients in various sectors, including insurance, lending, and digital marketplaces, to seamlessly incorporate financial services. Current participants include the insurance company Tawuniya, the financing entity ALJUF, the e-commerce site Salla, and buy-now-pay-later services like Tabby and Tamara.
Expansion Plans
The recent influx of funding will aid Lean in broadening its open banking infrastructure throughout the MENA region.
The company aims to improve its payment processing capabilities, forge new partnerships, and expand its team of technical professionals.
These advancements come at a time when the region is witnessing significant growth in digital payment solutions and the adoption of financial technology.
