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April 30, 2025
erad, the Riyadh-headquartered alternative financing platform for SMEs, has successfully raised $16 million in a Pre-Series A round to accelerate its growth and expand its operations in Saudi Arabia and beyond.
January 9, 2024
Saudi Arabia-based fintech erad, has raised a $2.4 million pre-Seed funding round, backed by UAE-based Nuwa Capital and VentureSouq, as well as Saudi Arabia VC Khwarizmi Ventures, with additional private investment from regional angel investors.
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Erad (DIFC) Limited is regulated by the Dubai Financial Services Authority (DFSA).
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