Erad

Erad provides financing solutions for small and medium-sized businesses, including working capital, receivables, and supplier financing.

FintechY Combinator500 Global

Latest funding

$22M Series A · September 28, 2026

Led by Middle East Venture Partners (MEVP) · Source: ifastdata.com

Total raised: $79.9M* across 5 sourced rounds

All 6 rounds ↓

Website: erad.co.

X: @geterad · 1,092 followers.

LinkedIn: linkedin.com.

Category: Fintech.

Sectors: Fintech, Payments, B2B.

Stage: Series A.

Based in: Riyadh, Saudi Arabia.

Total raised: $79.9M* in 5 sourced rounds.

Last round: Sep 28, 2026 · 45 days ago.

Team: 5 people on the team page.

On Recent Funding since: Sep 28, 2026.

Signals

X account@geterad · created May 30, 2018 (8 years old) · 1,092 followers

Website registeredDec 12, 2021 (4 years old)

TIMELINE · MONEY RAISED

Erad | 1573 days from X account to first raise on record

@geterad·Raised $79M in 4 sourced rounds·2 signals before the first raise

Money raised, round by round (amounts linked to their source). Pins are dated signals; hover the icons for dates.

Funding rounds

September 28, 2026
Series A · $22M
MMiddle East Venture Partners (MEVP) (lead), AANB Capital, AAraya Ventures, CConjunction Capital, JJoa Capital, KKhwarizmi Ventures, NNuwa Capital, OOraseya Capital, SS60 Ventures, SSaudi Venture Capital Company
Source: ifastdata.com
2026
5500 Global · batch
Source: 500.co
September 22, 2025
Round · $33M
Source: fundraisingfox.com
May 5, 2025
Series A · $22M
MMiddle East Venture Partners (MEVP) (lead), AANB Capital, AAraya Ventures, CConjunction Capital, JJoa Capital, KKhwarizmi Ventures, NNuwa Capital, OOraseya Capital, SS60 Ventures, SSaudi Venture Capital Company
Source: ifastdata.com
September 19, 2022
Pre Seed · $2.4M
Source: fundraisingfox.com
December 12, 2021
Website created
May 30, 2018
X account created
Date unknown
Round · $500K*
YY Combinator
Source: ycombinator.com

Founders and team

AA
Abdulmalik Almeheini Co-Founder and COO

LinkedIn · source: foundertrace.com
FY
Faris Yaghmour Co-Founder & CCO

LinkedIn · source: foundertrace.com
SA
Salem Abu-Hammour Founder

LinkedIn · source: 500.co
YS
Youssef Said Co-Founder & Chief Technology and Product Officer

LinkedIn · source: foundertrace.com

Investors

Companies like Erad

MMarco$12M Series A · Mar 2024
BBlanco$5.2M Seed · Jul 2026
EEnduring Planet$12M Seed · Jun 2026
MMintifi$180M Series B+ · Dec 2024
LLendingkart$10M Series B+ · Jul 2015
PProtum CapitalSeed · Oct 2026

Other companies backed by Middle East Venture Partners (MEVP)

AAbwab.ai$4M Seed · Sep 2026
HHala$157M Series B+ · Sep 2025
ZZest Equity$4.3M Series A · Apr 2025
ZZiina$22M Series A · Sep 2024
SSpareSeries B+ · Jul 2026
IInvygoSeries B+ · Jul 2026

Middle East Venture Partners (MEVP) portfolio →

Sources and API

Every amount links to the page it came from. * Estimated from an accelerator's published standard deal, not a company-specific disclosure. How Recent Funding sources and verifies funding data. The same data as JSON: /api/v1/companies/erad (get a free API key).