erad raises $22M
erad announced a Series A round of $22M on 28 September 2026. The company operates in FinTech and is based in Saudi Arabia. It was founded by Salem Abu-Hammour, Co-founder. Announced yesterday.
Founder
Salem Abu-Hammour
Co-founder, erad
Outreach angles
- -Co-founded erad in 2022 with Faris Yaghmour, Youssef Said and Abdulmalik Almeheini; his LinkedIn lists erad as YC S22.
- -erad has supplied over SAR500M in Shariah-compliant financing to SMEs and grew eightfold year over year in Saudi Arabia.
- -The $22M Series A led by MEVP funds new products for industrial, logistics and manufacturing sectors and tech and commercial hiring.
Signals
Series AFinTechYC BackedB2BRegulated IndustryHiringRevenue-Generating
Round details
Company: erad
Domain: erad.co
Amount: $22M
Stage: Series A
Industry: FinTech
Country: Saudi Arabia
Announced: 28 September 2026
Other FinTech raises
Recently funded in Saudi Arabia