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https://www.erad.co/

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erad secures $33 million debt financing led by Stride Ventures at Money20/20 Riyadh, with Co-founder Salem Abu-Hammour and Partner Fariha Ansari Javed highlighting expansion of Shariah-compliant SME financing in Saudi Arabia and the GCC.

Saudi Arabia’s erad Secures $33mln Debt Financing Led by Stride Ventures to Unlock Growth Financing for SMEs

September 22 2025

erad, the Riyadh-headquartered alternative financing platform for SMEs, has raised $33 million in debt financing to expand its operations

Salem Abu-Hammour

Salem Abu-Hammour