# Erad Technology Holding

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/erad-technology-holding

- Industry: Financial Services
- Headquarters: Riyadh, Saudi Arabia
- Website: www.erad.co/
- Total disclosed funding: $22M
- Latest round: Series A (Sep 28, 2026)
- Investors on record: 12

## About

Based in Riyadh, Saudi Arabia, and founded in 2022 by co-founders Salem Abu-Hammour, Faris Yaghmour, and Youssef Said, Erad Technology Holding operates as a financial technology company that provides non-dilutive funding to startup businesses. In September 2026, Erad Technology Holding raised USD 22 million in series A funding led by Middle East Venture Partners, with participation from Saudi Venture Capital, 500 Global, S60 Ventures, ANB Capital, Conjunction Capital, Araya Ventures, Khwarizmi Ventures, Nuwa Capital, Aljazira Capital, Oraseya, and Joa Capital. Erad Technology Holding offers an alternative growth financing platform that provides access to non-dilutive funding and evaluates the marketing, sales, and accounting activity of online businesses. The platform uses end-to-end data encryption to handle data with flexible repayment dates. The company's client base includes Stripe, Zoho, Xero, and Shopify. The company generates revenue by charging a fixed fee on the amount of funding. The company will use the September 2026 funding to launch new financing products, expand in the GCC, and hire more staff.

## Funding rounds

- Series A, Sep 28, 2026, $22M — AlJazira Capital, 500 Global, Middle East Venture Partners, ANB Capital, Khwarizmi Ventures, Saudi Venture Capital Company, Nuwa Capital, Joa Capital, Oraseya Capital, Conjunction Capital, Araya Ventures, S60 Ventures

## Investors

- AlJazira Capital (https://capitalatlas.ai/funds/aljazira-capital) — Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- Middle East Venture Partners (https://capitalatlas.ai/funds/middle-east-venture-partners) — Series A
- ANB Capital (https://capitalatlas.ai/funds/anb-capital) — Series A
- Khwarizmi Ventures (https://capitalatlas.ai/funds/khwarizmi-ventures) — Series A
- Saudi Venture Capital Company (https://capitalatlas.ai/funds/saudi-venture-capital-company) — Series A
- Nuwa Capital (https://capitalatlas.ai/funds/nuwa-capital) — Series A
- Joa Capital (https://capitalatlas.ai/funds/joa-capital) — Series A
- Oraseya Capital (https://capitalatlas.ai/funds/oraseya-capital) — Series A
- Conjunction Capital (https://capitalatlas.ai/funds/conjunction-capital) — Series A
- Araya Ventures (https://capitalatlas.ai/funds/araya-ventures) — Series A
- S60 Ventures (https://capitalatlas.ai/funds/s60-ventures) — Series A