Startup Atlas
Founded
2022
Headquarters
Saudi Arabia
Disclosed funding
$158M
Stories
2
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.
Founders
Salem Abu-Hammour, Faris Yaghmour, Abdulmalik Almeheini, Youssef Said
Nov 2025 · Credit facility
Jefferies (lead), Channel Capital
$125M
Sep 2025 · Debt financing
Stride Ventures (lead)
$33M

