erad raises $22m Series A led by MEVP
The equity round funds new products and GCC expansion, following a separate $125m financing facility in November 2025.
MEVP led the $22 million Series A, joined by new and existing investors. The capital will support new financing products, GCC expansion and larger technology and commercial teams, with a focus on industrial, logistics and manufacturing businesses. The company says it has deployed more than SAR500 million in cumulative SME financing.
The equity round builds on a separate $125 million scalable financing facility led by Jefferies in November 2025. That facility supports lending capacity; the newly announced Series A funds product and company growth.
Use of funds
Develop new financing products
Expand across the GCC
Grow technology and commercial teams