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Presented byDotFable · 4 Jan 2027 · Michigan, USARegister now

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Startup Atlas

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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
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Funding

  • Credit facility$125MJefferies (lead), Channel Capital
    Nov 2025
  • Debt financing$33MStride Ventures (lead)
    Sep 2025