Abwab.ai
As of 10 Nov 2026, Abwab.ai has raised $4M across 1 verified round on record; latest: $4 million seed round led by MEVP and Speedinvest, announced 3 Sep 2026.
As of 10 Nov 2026, Abwab.ai has raised $4M across 1 verified round on record; latest: $4 million seed round led by MEVP and Speedinvest, announced 3 Sep 2026.
8 sources
Sources disagree on MEVP's role: Arab News calls it a participant, while the more specific round accounts describe Speedinvest and MEVP as co-leads; the co-lead description is used.
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Seed [ REPORTED LATER ]: This round was announced before Fireround first saw it. It stays in the company's history, not in Latest, Trending, or alerts. | $4M | 2026-09-03 | MEVP, Speedinvest | No recent discussion |
8 sources [ VERIFIED · CORRECTED ] read against 4 of 8 sources
Sources disagree on MEVP's role: Arab News calls it a participant, while the more specific round accounts describe Speedinvest and MEVP as co-leads; the co-lead description is used. | ||||
Abwab.ai builds AI credit infrastructure that helps banks, finance companies, fintechs, funds, and platforms automate SME lending from origination through credit decisions and portfolio monitoring.
Saudi SMEs make up 99.6% of private businesses but receive only around 10% of total credit, because manual underwriting makes small loans nearly as costly to assess as corporate facilities. Abwab.ai is betting that AI infrastructure can let regulated lenders scale SME finance responsibly; its technology has processed more than SR10 billion in SME loans across more than 10 Saudi institutions, and the $4 million seed will fund further platform development.
Checked against 10 sources on Sep 26
Also named as backers in company research: Mazen Altamimi