Fenwick Represents Lean Technologies in $67.5M Series B Funding

Fenwick represented Lean Technologies, a Riyadh-based fintech infrastructure platform, in its $67.5 million Series B funding. The round was led by General Catalyst, with participation from Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, Arbor Ventures, and JIMCO.

Lean Technologies will use the funds to scale its Pay-by-Bank and Open Banking offerings. More information can be obtained from the company’s announcement.

The Fenwick transaction team was led by corporate partner Faisal Rashid.