Wamda

Saudi fintech erad raises $22 million Series A led by MEVP

Saudi Arabia-based fintech erad has raised $22 million in Series A funding led by MEVP, with participation from new investors 500 Global, Saudi Venture Capital (SVC), S60 Ventures, ANB Capital, Conjunction Capital and Araya Ventures, alongside existing investors Khwarizmi Ventures, Nuwa Capital, Aljazira Capital, Oraseya Capital and Joa Capital. Founded in 2022 by Salem Abu-Hammour, Faris Yaghmour, Abdulmalik Almeheini and Youssef Said, Riyadh-headquartered erad provides SMEs in Saudi Arabia and

By Wamda

1 min read
Saudi fintech erad raises $22 million Series A led by MEVP
Saudi fintech erad raises $22 million Series A led by MEVP

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