erad is on a mission to grow the Middle East’s digital economy by offering regional startups non-dilutive funding to scale their business. By connecting their sales, marketing and accounting data to the erad platform, startups can gain access to growth capital within 48 hours.
Location: Saudi Arabia, Riyadh Region, Riyadh
Employees: 1-10
Total raised: $18.4M
Founded date: 2022
Founders name: Youssef Said; Abdulmalik Almeheini
Investors 6
| Date | Name | Website |
| - | Nuwa Capit... | nuwacapita... |
| 30.05.2022 | Y Combinat... | ycombinato... |
| - | Flucas Ven... | flucasvc.c... |
| - | Kube VC | kubevc.com |
| - | VentureSou... | venturesou... |
| - | Realm Capi... | realmcapit... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 05.05.2025 | Seed | $16M | - |
| 19.09.2022 | Pre-Seed | $2.4M | - |
Persons 5
| Date | First Name | Last Name | Title | Location | |||
| - | Faris | Yaghmour | - | linkedin.c... | - | f***s@erad... | - |
| - | Osamah | J. | Partnershi... | linkedin.c... | - | o****h@era... | - |
| - | Youssef | Said | Co-founder... | linkedin.c... | - | y*****f@er... | - |
| - | Salem | Abu-Hammou... | - | linkedin.c... | - | s***m@erad... | - |
| - | Abdulmalik | Almeheini | Co-Founder... | linkedin.c... | - | a********k... | - |
Mentions in press and media 5
| Date | Title | Description |
| 05.05.2025 | erad secures $16 M Pre-series A to bridge SME credit gap in MENA | erad, the Riyadh-headquartered alternative financing platform for SMEs, has successfully raised $16 million [SAR 60 million] in a Pre-Series A round to accelerate its growth and expand its operations in Saudi Arabia and beyond. The round wa... |
| 01.05.2025 | "We Got Funded!" KSA-Headquartered erad's US$16 Million Pre-Series A Round Backed by YCombinator and VentureSouq erad is a financing platform that helps SMEs access Shariah-compliant working... | erad, a Saudi Arabia-based alternative financing platform for small and medium enterprises (SMEs), has raised US$16 million in a pre-Series A round. The round was backed by a plethora of well-known global and regional venture capital (VC) f... |
| 07.09.2022 | Here’s where YC’s latest batch of founders are placing fintech bets | Y Combinator’s latest cohort of founders have opinions on the future of fintech. One-fifth of the accelerator’s Summer 2022 batch, which spans 240 companies, is working on solving issues in the financial space. The pitches range from buildi... |
| - | erad | “erad provides working capital to online businesses. Connect your analytics and receive funding offers, for non-dilutive capital as fast as 48 hours.” |
| - | erad | “erad provides growth capital to online businesses. Connect your analytics and receive funding offers, for non-dilutive capital within 48 hours” |