Startup Atlas


erad
Fintech
erad is a Riyadh-headquartered financing platform that offers Sharia-compliant working-capital and embedded financing to small and medium businesses in Saudi Arabia and the UAE, using data to speed up approvals. Founded in 2022, it says businesses can access funding in as little as 48 hours.
- Headquarters
- Riyadh, Saudi Arabia
- Founded
- 2022
- Founders
- Salem Abu-Hammour, Faris Yaghmour, Abdulmalik Almeheini, Youssef Said
Funding
- Credit facility$125M— Jefferies (lead), Channel CapitalNov 2025
- Debt financing$33M— Stride Ventures (lead)Sep 2025