Erad - About the company
Erad is a series A company based in Riyadh (Saudi Arabia), founded in 2022 by Youssef Said, Salem Abu Hammour and Faris Yaghmour. It operates as a Provider of working capital to online businesses across various industries. Erad has raised $41M in funding from investors like Y Combinator, Jefferies and Middle East Venture Partners.
Company Details
Provider of working capital to online businesses across various industries. It offers funding solutions for restaurants, retail, clinics, and beauty salons. The company facilitates access to financing through data integration with business platforms. It provides insights to assist businesses with growth strategies.
- Website
- www.erad.co/
- Social
Key Metrics
Founded Year
2022
Location
Riyadh, Saudi Arabia
Stage
Series A
Total Funding
$41M in 6 rounds
Latest Funding Round
Investors
Employee Count
59 as on Aug 31, 2026
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Erad's funding and investors
Erad has raised a total funding of $41M over 6 rounds. Its first funding round was on 2022. Its latest funding round was a Series A round on Sep 28, 2026 for $*****. 12 investors participated in its latest round. Erad has 23 institutional investors.
Here is the list of recent funding rounds of Erad:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 28, 2026 | 9777476 | Series A | 5925567 | 8326737 | 6145951 | 1479305 |
Nov 27, 2025 | 7446974 | Conventional Debt | 8678774 | 8827014 | 1200065 | |
Sep 25, 2025 | 2664066 | Venture Debt | 6921939 | 9674725 | 4123539 |
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Erad's founders and board of directors
Founder? Claim ProfileThe founders of Erad are Youssef Said, Salem Abu Hammour and Faris Yaghmour. Salem Abu Hammour is the CEO of Erad.
Here are the details of Erad's key team members:
- Youssef Said: Co-founder & CTO of Erad.
- Salem Abu Hammour: Co-Founder & CEO of Erad. Contact Info: 1 email address
- Faris Yaghmour: Co-Founder & CCO of Erad.
View details of Erad's Founder profiles and Board Members
Erad's employee count trend
Erad has 59 employees as of Aug 26. Here is Erad's employee count trend over the years:
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Erad's Investments and acquisitions
Erad has made no investments or acquisitions yet.
Reports related to Erad
Here is the latest report on Erad's sector:
News related to Erad
Media has covered Erad for a total of 2 events in the last 1 year.
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Latham Advises erad on US$33 Million Debt FinancingLegal Desire•Nov 14, 2025•Stride Ventures, Latham & Watkins, Erad, AMR Action Fund and 2 others
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Saudi fintech erad secures $33 mn debt to tackle GCC’s $250 bn SME credit gapSalaam Gateway•Sep 25, 2025•Stride Ventures, Erad
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ERAD, a Saudi Fintech Platform Secures $33 Million Debt Financing to Expand GCC OperationsTechgist Africa•Sep 25, 2025•Stride Ventures, eRAD, Erad
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Saudi’s Palm Ventures hits first close of $30 million debut fund to invest in early-stage MENA startupsMENAbytes•Feb 20, 2025•Palm Ventures, Nearpay, FIFOplus, Erad and 2 others
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Alternative growth financing platform, erad raises $2.4 million in pre-seed fundingMy Startup World•Sep 20, 2022•Erad, Nuwa Capital, VentureSouq, Khwarizmi Ventures
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FAQs about Erad
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