erad
Shariah-compliant revenue-based financing for SMEs in Saudi Arabia and the UAE, approved within 48 hours
erad is a Riyadh-headquartered fintech that provides Shariah-compliant, data-driven growth capital to small and medium-sized businesses in Saudi Arabia and the UAE. It connects to a company's sales, payments and accounting data to underwrite revenue-based and fixed-term financing, with approval decisions in as little as 48 hours, and serves retail, F&B, e-commerce and healthcare businesses. Founded in 2022 by Salem Abu-Hammour, Faris Yaghmour, Abdulmalik Almeheini and Youssef Said, erad went through Y Combinator's Summer 2022 batch, raised a $16 million pre-Series A in April 2025 and a $33 million debt round led by Stride Ventures in September 2025, and has deployed more than $50 million to SMEs.