BaaS ProviderActiveEst. 2019

Lean Technologies

SA · Riyadh · SAMA Regulatory Sandbox, ADGM FSRA

Lean Technologies is a BaaS Provider based in SA (Riyadh), regulated by SAMA Regulatory Sandbox, ADGM FSRA. The institution operates an active Banking-as-a-Service program, launched in 2019.

Lean Technologies supports the following products and services: Open Banking, Payments, KYC/AML. The bank serves customers across Saudi Arabia, UAE.

Notable fintech partners include Tabby, Tamara, Careem, Binance, Noon.

Profile
Products Supported
Open BankingPaymentsKYC/AML
Geographies Served
Saudi Arabia, UAE
Charter / Regulator
SAMA Regulatory Sandbox, ADGM FSRA
API Standards
REST API
Minimum Deal Size
Not publicly disclosed
Year Program Launched
2019
Notable Fintech Partners

Tabby, Tamara, Careem, Binance, Noon

Regulatory Actions Summary

None confirmed active

Notes

5M Series B (2025) led by General Catalyst. $100M+ total funding. Processed $2B+ in payment volumes.

Verified ~1M bank accounts in Saudi. 300+ enterprise clients.

Related Deals (1)
funding

Lean Technologies Closes $67.5M Series B for Middle East Fintech Infrastructure

Lean Technologies raised $67.5M in Series B funding led by General Catalyst to scale its fintech infrastructure platform across the Middle East. The round included Bain Capital Ventures, Duquesne Family Office, Arbor Ventures, and JIMCO. The company focuses on Pay-by-Bank and Open Banking APIs to enhance business payment efficiencies.

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Lean Technologies dealsLean Technologies regulatory actionsMore banks in SABrowse full registry
Links
Official Website BaaS Program
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