erad · Nov 2025
erad announced a $125M credit deal with Jefferies and Channel Capital to accelerate embedded finance solutions and expand its SME financing footprint across the GCC.
Non-dilutive funding and payments in the Middle East
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Updated Jul 30, 2026
Overview
Riyadh-based, Sharia-compliant SME financing platform that provides fast, data-driven working-capital, invoice, and supplier financing to online and B2B businesses in Saudi Arabia and the UAE, with approvals in as little as 48 hours.
Primary product
Sharia-compliant working capital financing
Founded
2022
Headquarters
Riyadh, Saudi Arabia
Team size
40-50
Industry
Financial Services
Sub-industry
SME financing / alternative lending / embedded finance
Offices
Riyadh (HQ), Saudi Arabia
Open Positions
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