THE MIDDLE EAST’S

34. Lean Technologies

Description: Open banking aggregator
Headquarters: Saudi Arabia
Date of Establishment: 2019
Founders: Hisham Al-Falih, Aditya Sarkar, Ashu Gupta, Mehdi Tazi

The open banking aggregator builds solutions to help businesses connect to their consumers’ bank accounts, retrieve vital financial data, and make account-to-account payments. It provides its services to over 160 clients in MENA, with more than 500,000 customer accounts connected as of March 2024. The total payment value processed via Lean’s platform reached $1 billion in 2023. Lean Technologies has a presence in Saudi Arabia and the U.A.E. It has raised $37 million in funding from investors, including Sequoia Capital and Raed Ventures.