Erad
Seederad is a Riyadh alternative financing platform that offers Shariah-compliant working capital to SMEs in Saudi Arabia and the UAE. Founded in 2022.
Facts last checked 2026-10-03
Funding and investors
Only facts we can cite from a company or investor page. We do not estimate later rounds or headcount.
Founders
Salem Abu-Hammour, Faris Yaghmour, Abdulmalik Almeheini, and Youssef Said.
Funding
Series A: $22 million (SAR 78.75 million) announced 28 Sep 2026, led by MEVP.
Pre-Series A: $16 million (SAR 60 million) on 30 Apr 2025.
Pre-seed: $2.4 million announced 9 Jan 2024.
Investors
Series A led by MEVP, with new investors 500 Global, SVC, S60 Ventures, ANB Capital, Conjunction Capital, and Araya Ventures, plus existing Khwarizmi Ventures, Nuwa Capital, Aljazira Capital, Oraseya Capital, and Joa Capital.
Pre-Series A named Y Combinator, Nuwa Capital, Khwarizmi Ventures, Aljazira Capital, VentureSouq, Oraseya Capital, and Joa Capital.
Roles at Erad
We do not have live individual openings for Erad in the current jobs file (last seen 2026-11-05). Use the official careers link above.
FAQ: Erad
- وين ألاقي وظائف erad؟
- على BuildSaudi تقدر تفتح صفحة erad ورابط التوظيف الرسمي. آخر فحص: 2026-10-03. ما عندنا وظائف فردية حالية في ملف الوظائف. قدّم من موقع erad. الصفحة: https://buildsaudi.co/company/erad
- How do I apply to erad jobs?
- Open the erad page on BuildSaudi for the official careers link we last checked on 2026-10-03. We do not have live individual openings in the current jobs file. Profile: https://buildsaudi.co/company/erad
- How much funding has erad raised?
- erad's 28 Sep 2026 announcement said a $22M Series A led by MEVP, after a $16M Pre-Series A on 30 Apr 2025 and a $2.4M pre-seed on 9 Jan 2024. Source: ksa.erad.co Series A post.
- كيف أقدم على وظائف Erad؟
- قدّم عبر صفحة التوظيف الرسمية لـ Erad. BuildSaudi يوفّر الرابط المباشر لصاحب العمل ولا يستلم الطلبات. رابط التوظيف: https://erad.co/?utm_source=buildsaudi&utm_medium=referral
- How do I apply to jobs at Erad?
- Visit Erad's official careers page to browse open roles and apply directly. BuildSaudi links to the employer's hiring site. We do not process applications. Careers: https://erad.co/?utm_source=buildsaudi&utm_medium=referral
- What does Erad do?
- Erad is a seed Fintech startup headquartered in Riyadh, Saudi Arabia. See the company profile above for funding and founders when we have a cited source.
- Is Erad a Saudi startup?
- Yes. Erad is listed on BuildSaudi as a funded Saudi startup hiring in Riyadh. We verify listings manually and refresh careers links weekly.