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erad Raises $125M with Jefferies to Boost SME finance in the GCC

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Riyadh-based alternative financing platform erad has partnered with Jefferies, with co-investment from Channel Capital, to secure US$125 million in a credit facility aimed at expanding embedded finance solutions across the GCC. Once finalised, the transaction will mark Jefferies’ first GCC asset-backed financing deal and support its plans to grow its presence in Saudi Arabia. The […]

The post erad Raises $125M with Jefferies to Boost SME finance in the GCC appeared first on Fintechnews Middle East.

erad Raises $33M to Expand GCC Operations

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erad, a Riyadh-headquartered alternative financing platform for SMEs, has raised US$33 million in debt financing to support its operations in Saudi Arabia and the wider GCC. The company previous raised US$16 million to support its growth and expansion within Saudi Arabia and other regions. The round was led by Stride Ventures, which recently expanded its […]

The post erad Raises $33M to Expand GCC Operations appeared first on Fintechnews Middle East.

erad Raises $16 Million to Expand SME Financing Platform

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erad, an alternative financing platform for SMEs based in Riyadh, has raised US$16 million in a Pre-Series A funding round. The investment will support the company’s growth and expansion within Saudi Arabia and other regions. The round saw backing from a range of global and regional funds, including YCombinator, Nuwa Capital, Khwarizmi Ventures, Aljazira Capital, […]

The post erad Raises $16 Million to Expand SME Financing Platform appeared first on Fintechnews Middle East.

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