Overview

Erad is a fintech company based in Riyadh, Saudi Arabia. The company provides data-driven financing solutions to micro, small, and medium enterprises (MSMEs) in Saudi Arabia and the UAE.

The company's focus is on delivering Shariah-compliant financing options to MSMEs in these regions. Erad aims to address the financial needs of this segment by leveraging data-driven approaches.

Activities and products

Erad offers data-driven financing solutions for MSMEs, with a specific focus on Shariah compliance. The company's product offerings are designed to cater to the unique financial requirements of micro, small, and medium-sized businesses in Saudi Arabia and the UAE.

Stage and funding

Erad is currently at the seed stage and has secured $16 million in a pre-Series A round of funding in 2025. This investment was led by investors including Y Combinator, Nuwa Capital, Khwarizmi Ventures, and Aljazira Capital. The company's funding stage indicates that it is still in the early stages of development but has already attracted significant interest from established investors.

Photograph: Sean Lim / Unsplash

Company details

Legal name

Erad

Website

erad.com

Headquarters

Riyadh, Saudi Arabia

Founded

2022

Sector

Fintech

Funding stage

Seed

Verification