A fintech infrastructure firm, Lean Technologies, has raised US$67.5 million in a Series B funding round from Saudi Arabia.

General Catalyst led the investment, with Bain Capital Ventures, Duquesne Family Office, and Arbor Ventures participating.

This round marks the first Saudi investment for the US-based investors involved. It also increases Lean’s total funding to US$100 million.

Founded in 2019, the company develops an open banking platform focused on the Middle East, notably Saudi Arabia and the United Arab Emirates.

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