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erad

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Non-dilutive funding and payments in the Middle East

Summer 2022Founded 20225 peopleRiyadh, Riyadh Province, Saudi Arabia

About

erad provides startups in the Middle East with non-dilutive growth capital. Connect your sales, marketing and banking data and receive an offer within 48 hours. Get access to key insights and analysis about your business.

Founders Β· 3

Salem Abu-Hammour
Salem Abu-HammourFounder

Previously worked in M&A and banking, after working on an online coffee store with my current co-founder, Faris. Passionate about building, investing and data.

Youssef Said
Youssef SaidFounder

CTO, in charge of tech @ erad Led large scale e-commerce programs in the Middle East from idea to development, after spending 10 years in tech consulting and building products as an engineer in Europe.

Faris Yaghmour
Faris YaghmourFounder

Accidentally launched my first business, a coffee e-commerce store, with my current co-founder Salem, 6 years ago! Then stumbled into the Financial services world and spent 4 years learning about product and operations in retail & corporate banking. I then joined a BNPL startup before founding erad.

Launch

Launched on Y Combinator Β· Aug 2022
View launch post β†—

We’re on a mission to grow the digital economy in the Middle East πŸš€

erad provides payment processing and non-dilutive funding for online businesses in the Middle East. It underwrites by accessing accounting, sales, payments, and marketing data, connects to a business’s systems, and offers financing within 48 hours with automated repayments tied to online payments.

From the original launch (Aug 2022) β€” may be outdated.

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