---
title: "Lean Technologies raises $67.5m Series B led by General Catalyst"
url: "https://cicadaconsultancy.online/en/news/lean-series-b-2024"
language: "en"
event_date: "2024-11-13"
published: "2026-10-03"
last_verified: "2026-10-03"
category: "Startups"
publisher: "Cicada (cicadaconsultancy.online)"
license: "CC BY 4.0"
---

# Lean Technologies raises $67.5m Series B led by General Catalyst

- Event date: 13 November 2024 (2024-11-13)
- Topic: Startups
- In this story: Lean Technologies, General Catalyst, Sequoia Capital India
- URL: https://cicadaconsultancy.online/en/news/lean-series-b-2024

Riyadh-based open-banking and payments infrastructure company Lean Technologies raised a $67.5 million Series B led by General Catalyst, with Bain Capital Ventures, the Duquesne Family Office and Arbor Ventures participating, bringing total funding above $100 million. The round follows a $33 million Series A led by Sequoia Capital India in 2022. Lean reported more than $2 billion in processed volume and nearly one million verified bank accounts.

## Key figures

- round size: $67.5 m

## Sources

1. [Lean closes Series B of $67.5 million, bringing total funding to $100 million](https://www.wamda.com/2024/11/lean-closes-series-b-67-5-million-bringing-total-funding-100-million) — Wamda, 2024-11-13

Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.

---

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