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
Company research
Public company, workplace, funding, and market signals
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
Riyadh, 11564, Saudi Arabia
Riyadh, Ar Riyad, Saudi Arabia
Al Mustaqbal Street, DIFC, Dubai, United Arab Emirates
Business model
B2B financing
non-dilutive capital
working capital lending
invoice financing
supplier financing
embedded finance
Funding
Stage
growth stage
Total raised
$176.4M
Latest round
Credit facility · Nov 2025
Latest amount
$125M
Nov 2025 · Jefferies
Sep 2025 · Stride Ventures
Apr 2025 · Y Combinator
Jan 2022
People & investors
Leadership
Co-Founder & CEO
Co-Founder & CCO
Co-Founder & Chief Technology and Product Officer
Co-Founder & COO
Osamah J.
Head of Account Management
Mohammad Alhaj Abdallah
Collections and legal lead
Work & culture
Mission-driven SME empowerment in the Middle East; emphasizes fast, flexible, Sharia-compliant funding and building local financial infrastructure.
Compensation
No public compensation ranges or benefits package found; the careers portal currently shows no active roles or pay details.
Product & market
Pricing
Not publicly disclosed; appears to price via financing spread/fees on Sharia-compliant working-capital facilities.
Differentiators
- —48-hour financing offers
- —Sharia-compliant structure
- —Non-dilutive capital
- —Data-driven underwriting from sales/marketing/banking data
- —Supplier and embedded finance at point of sale
- —Flexible additional funding
- —CMA-regulated Saudi operations
Technology
Google Cloud Platform
Symfony
Formik
PHP
Python
Fivetran
TypeScript
JavaScript
SQL
PostgreSQL
React
Slack
Snowflake
Customers
Online SMEs in Saudi Arabia and the UAE
Retail businesses
F&B businesses
Healthcare businesses
E-commerce businesses
Manufacturers
Logistics companies
Distribution businesses
Real estate services
Wixsana
House of Pops
Competitors
Lendo
Beehive
Flow48
Tameed
Forus
Raqamyah
Gainz
Scale & contact
Latest news
Wamda · Nov 2025
External coverage of erad’s Jefferies-led facility and expansion into embedded finance and additional sectors.
erad · Sep 2025
erad disclosed a $33M debt financing round led by Stride Ventures to scale operations in Saudi Arabia and the UAE.
erad · Apr 2025
erad announced a $16M Pre-Series A round backed by Y Combinator, Nuwa Capital, Khwarizmi Ventures, Aljazira Capital, VentureSouq, Oraseya Capital, and Joa Capital.
Wamda · Apr 2025
External coverage of erad’s $16M pre-Series A, with context on the SME credit gap and the company’s Sharia-compliant financing model.
Jobs and careers at erad
0 jobs at erad
No open positions
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