Dubai, March 2025: Deem Finance LLC (“Deem”), a Gargash Group company and a leading consumer finance provider regulated by the UAE Central Bank, has partnered with J.P. Morgan in a pioneering asset-backed securitization (ABS) to support its lending activities for consumers and SMEs. J.P. Morgan will be providing up to $400 million through a senior revolving facility backed by a diversified pool of receivables originated by Deem across various asset classes. The transaction is structured to provide significant flexibility, allowing funding to adjust to growth in the portfolio size and composition to support Deem’s dynamic growth strategy.
Continue reading Deem Finance and J.P. Morgan partner with a milestone $400 million securitization facility to support consumer and SME lending in the UAETag Archives: J.P. Morgan
Lendo Secures $690 Million Facility Led by J.P. Morgan to Boost SME Financing in Saudi Arabia
RIYADH — January 30, 2025 — Lendo, the leading debt crowdfunding platform in Saudi Arabia, has secured a USD 690 million (SAR 2.6 billion) warehouse facility led by J.P. Morgan. Supported by Fintech Saudi, this milestone underscores the growth in Saudi Arabia’s fintech sector and the vast opportunity in SME financing in the economy.
The facility is expected to contribute to an increase in job creation in the Kingdom, demonstrating Lendo’s commitment to domestic economic growth and employment.
UAE News 24/7 