Y Combinator: erad Raises $16 Million to Expand SME Financing Platform

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.