Erad
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Company included among large-ticket private-debt deals in the GCC
Founders
Recent News
Week 40: Africa and Middle East Startup Funding
Startups across Africa, the Middle East and Israel raised $65.2M this week, led by Israel-based HyperGuest ($25M) and Saudi fintech erad ($22M), with investor interest concentrated in AI and fintech.
erad Raises $22 Million Series A Led by MEVP to Accelerate SME Financing Across the GCC
erad, a Riyadh-headquartered, Shariah-compliant alternative financing platform for SMEs, raised $22M Series A led by MEVP to expand its product suite and regional presence across the GCC. The company—founded in 2022—has deployed SAR 500M in financing and reports rapid growth in Saudi Arabia.
Saudi Arabia startups attract 95% of private debt as GCC demand for growth capital surges 8.2x YoY to $4.1B
GCC private debt surged 8.2x YoY to $4.1B in 2025, with Saudi startups capturing roughly 95% (~$3.9B) of that private-debt deployment; fintechs dominated the activity and several large-ticket structured-credit deals were highlighted.