erad Raises $22M Series A to Expand SME Financial Solutions in the Middle East

erad Secures $22M Series A

erad, a financial solutions provider for small and medium-sized enterprises (SMEs) in the Middle East, has raised $22 million in Series A funding. The round was led by Middle East Venture Partners (MEVP), with participation from a broad group of investors.

Funding Details

• Amount: $22,000,000
• Round: Series A
• Date: September 28, 2026
• Lead Investor: Middle East Venture Partners
• Additional Investors: Araya Ventures, Joa Capital, Nuwa Capital, Oraseya Capital, 500 Global, Saudi Venture Capital Company (SVC), anb capital, Conjunction Capital, Aljazira Capital, Khwarizmi Ventures, S60 Ventures

What erad Does

erad is on a mission to empower SMEs in the Middle East with financial solutions. The company focuses on addressing the financial needs of small and medium-sized businesses across the region.

Strategic Implications

The Series A round, led by MEVP and supported by a diverse syndicate of regional and international investors, positions erad to scale its offerings. The participation of Saudi Venture Capital Company and anb capital highlights strong interest from Saudi Arabia, while the inclusion of 500 Global and Nuwa Capital signals broader regional and global backing.

For acquirers and strategic partners, erad represents a growing player in the Middle East SME financial services space, a segment that continues to attract significant investment. The company's ability to attract a wide range of investors suggests confidence in its model and market opportunity.

About the Investors

• Middle East Venture Partners (MEVP): A leading venture capital firm in the Middle East, MEVP has a track record of backing technology-enabled businesses across the region.
• Saudi Venture Capital Company (SVC): A government-backed investment company that supports the growth of the venture capital ecosystem in Saudi Arabia.
• 500 Global: A global venture capital firm that invests in early-stage technology companies.

Outlook

With this fresh capital, erad is expected to accelerate its mission to serve SMEs in the Middle East. The company's focus on financial solutions aligns with the region's growing demand for accessible and innovative financial services. As erad scales, it may become an attractive target for acquisition by larger financial institutions or fintech players looking to expand their SME offerings in the Middle East.