erad
YC S22Riyadh, SA · Founded 2022 · 5 employees · 14 known investors
erad supplies capital to startups across the Middle East without requiring equity stakes, offering funding decisions based on business data integrations within two days.
Founders & leadership· Y Combinator alumni (S22)
erad was founded in 2022 by Salem Abu-Hammour, Youssef Said, and Faris Yaghmour.
SA
Salem Abu-Hammourin𝕏Co-Founder & CEOSalem Abu-Hammour previously worked in mergers and acquisitions and banking before launching an online coffee retail venture with co-founder Faris. He has background in business development, finance, and data.
YS
Youssef Saidin𝕏Co-Founder & Chief Technology and Product OfficerYoussef Said has spent a decade in technology consulting and product engineering in Europe, and subsequently led large-scale e-commerce initiatives across the Middle East from conception through execution.
FY
Faris Yaghmourin𝕏Co-Founder & CCOFaris Yaghmour co-founded a coffee e-commerce business and later spent four years in retail and corporate banking roles focused on product and operations. He subsequently worked at a BNPL startup before co-founding erad.
Investors · 14
500 GlobalSan Francisco · $150K
Flucas VenturesJupiter · $100K – $5Mvia Ashley Flucas · inferred
Joa CapitalDiriyah · $1M – $35Mvia Yousef AlYousefi · inferred
Khwarizmi VenturesRiyadh · $1M – $37M
Kube VC
Nuwa CapitalDubai · $1.2M – $39M
Sprint VcBangalore · $300
VentureSouqAbu Dhabi · $250K – $50M
Y CombinatorSan Francisco · $500K
Aljazira CapitalreportedRiyadh · $3M – $41M
JefferiesreportedNew York
Stride VenturesreportedGurugram
Also in the syndicate · 2
Oraseya CapitalYCombinator
Funding
SEC filings, press & company announcements$33M disclosed across 1 of 3 rounds · 2025
- $33MraisedSep 2025 · 2 sources
Stride Ventures (lead)
Source ↗ - Undisclosed amountpre-series AMay 2025
Aljazira Capital, Joa Capital, Khwarizmi Ventures, Nuwa Capital, Oraseya Capital, VentureSouq, YCombinator
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Key figures
latest reportedHeadcountAug 202660
Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 5
by search overlap
Ramp15 shared keywordsRamp offers a finance platform that combines corporate cards, expense management, and AI-driven automation for receipt capture, transaction coding, and reimbursements. It serves finance teams and businesses looking to consolidate spending tools and automate accounting workflows.
Industries14 shared keywordsJ.P. Morgan is a global financial services firm serving corporations and individuals in more than 100 countries, offering investment research, tools, data, analytics, and advisory services. It supports institutional investors, asset and fund managers, hedge funds, broker dealers, and equity issuers with liquidity, fixed income strategies, and equity compensation solutions.
Wise12 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
Lendio10 shared keywordsLendio operates a marketplace connecting small businesses in the US with 75+ funding partners through a single loan application, and provides embeddable and integrated lending technology for banks, credit unions, and platform partners. Founded in 2011, it focuses on small business lending and financial tools for underserved SMBs.
Plooto10 shared keywordsPlooto is a payments platform for accounting firms and their SMB clients that handles accounts payable, accounts receivable, and international payments with automated approval workflows and two-way sync to existing accounting software. It provides real-time tracking, custom approval chains, and reconciliation for money moving in and out of a business.
Companies competing with erad for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does erad do?
- erad supplies capital to startups across the Middle East without requiring equity stakes, offering funding decisions based on business data integrations within two days.
- Who founded erad?
- erad was founded by Salem Abu-Hammour, Youssef Said, Faris Yaghmour in 2022.
- Who are erad's investors?
- erad's investors include 500 Global, Flucas Ventures, Joa Capital, Khwarizmi Ventures, Kube VC, Nuwa Capital, Sprint Vc, VentureSouq and 4 more.
- How much funding has erad raised?
- erad has disclosed $33M raised across 1 of its 3 known rounds.
- Where is erad headquartered?
- erad is headquartered in Riyadh, SA.