Saudi fintech erad raises $2.4m to expand its financing platform

RIYADH: A Saudi-based fintech startup, erad, raised $2.4 million in a pre-seed funding round by UAE-based venture capital firms Nuwa Capital and Venture Souq in addition to Saudi Arabia’s Khwarizmi Ventures. The company offers a data-driven platform that provides non-dilutive growth capital for online businesses in the Middle East. The platform evaluates the marketing, sales,

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