erad
Riyadh, Saudi Arabia
◆ Total Raised
$22M
◆ Stage
series-a
◆ Location
Riyadh, Saudi Arabia
◆ Founded
2022
◆ Team size
11-50
◆ Links
◆ About erad
Saudi alternative financing platform providing Shariah-compliant working capital solutions to small and medium enterprises across the GCC.
◆ What sets it apart
It combines Shariah-compliant financing with data-driven underwriting to deliver rapid working-capital decisions for SMEs, often within 48 hours.
◆ Sectors
◆ Business
Modeltransactional
Customersmall and medium enterprises, especially revenue-generating businesses across Saudi Arabia and the GCC
◆ Notable
- Founded in 2022
- Raised $16M pre-Series A in 2025
- Raised a $33M debt financing round in 2025
- Secured a $125M facility led by Jefferies in 2025
◆ Backing funds on Raise
- Khwarizmi Venture Capital Fund 2series-a
◆ Funding rounds
◆ Explore the market
◆ FAQ
What does erad do?
Saudi alternative financing platform providing Shariah-compliant working capital solutions to small and medium enterprises across the GCC.
Where is erad based?
erad is based in Riyadh, Saudi Arabia, founded in 2022.
How much has erad raised?
erad has raised $22M in tracked funding and is currently at the series-a stage.
Who has invested in erad?
Investors in erad include MEVP, Y Combinator, Nuwa Capital, Khwarizmi Ventures, Aljazira Capital, VentureSouq, Oraseya Capital and Joa Capital.