34 sources
The company pages display September 27, 2026, but the release dateline says September 28, 2026; the dateline fixes the announcement day.
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Series A | $22M $133M to date | 2026-09-27 | MEVP | No recent discussion |
34 sources [ VERIFIED · CORRECTED ] read against 4 of 34 sources
The company pages display September 27, 2026, but the release dateline says September 28, 2026; the dateline fixes the announcement day. | ||||
Erad provides fast, Shariah-compliant working-capital and other financing to small and medium-sized businesses in Saudi Arabia and the UAE.
LinkedIn via Alexandria from
Erad is targeting the GCC's reported $250 billion SME financing gap with data-driven underwriting and Shariah-compliant funding that can be approved within 48 hours. Its Series A announcement says the company has grown 8x year over year in Saudi Arabia, deployed more than SAR 500 million to SMEs against over SAR 4 billion in requests, and is expanding into industrial, logistics and manufacturing sectors.
Checked against 8 sources on Sep 28
Also named as backers in company research: Y Combinator, VentureSouq, Palm Ventures, Doha Venture Capital, Stride Ventures, Jefferies, Channel Capital