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erad

YC S22

Riyadh, SA · Founded 2022 · 5 employees · 16 known investors

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erad supplies capital to startups across the Middle East without requiring equity stakes, offering funding decisions based on business data integrations within two days.

Also known as Erad Technology Holding

FintechPaymentsB2BSaudi ArabiaMiddle East and North AfricaPartly Remote

Founders & leadership· Y Combinator alumni (S22)

erad was founded in 2022 by Salem Abu-Hammour, Youssef Said, and Faris Yaghmour.

SASalem Abu-Hammour
Salem Abu-HammourCo-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.
YSYoussef Said
Youssef SaidCo-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.
FYFaris Yaghmour
Faris YaghmourCo-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.
AA
Abdulmalik AlmeheiniFounder
SA
Salem Abou-HammourFounder
MA
Marah AhmadPeople
KA
Kareem Al AfghaniTA Specialist

Investors · 16

500 Globallisted by 500 GlobalPalo Alto · $150K

How we know: open dataset · 500 Global portfolio 2026-08 · Not right? Tell us

Flucas Ventureslisted by Flucas VenturesJupiter · $100K – $5Mvia Ashley Flucas · inferred

How we know: the VCSheet dataset · Not right? Tell us

Joa Capitallisted by Joa CapitalDiriyahvia Yousef AlYousefi · inferred

How we know: thefintechtimes.com · Not right? Tell us

Khwarizmi Ventureslisted by Khwarizmi VenturesRiyadh

How we know: thefintechtimes.com · the VCSheet dataset · Y Combinator's founder network · Not right? Tell us

Kube VClisted by Kube VC
Nuwa Capitallisted by Nuwa CapitalDubai

How we know: funding news · thefintechtimes.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

Oraseya Capitallisted by Oraseya CapitalDubai

How we know: Oraseya Capital's portfolio page · thefintechtimes.com · Not right? Tell us

Sprint Vclisted by Sprint VcBangalore
VentureSouqlisted by VentureSouqAbu Dhabi · $100K – $10M

How we know: VentureSouq's portfolio page · thefintechtimes.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

Aljazira CapitalreportedRiyadh

How we know: thefintechtimes.com · Not right? Tell us

Cur8 CapitalreportedLondon

How we know: Y Combinator's founder network · Not right? Tell us

JefferiesreportedNew York

How we know: ffnews.com · Not right? Tell us

Middle East Venture Partners (MEVP)reportedDubai · $1M – $5M

How we know: Y Combinator's founder network · Not right? Tell us

Stride Venturesreported

How we know: press coverage · Not right? Tell us

Also in the syndicate · 1

YCombinator

Funding

SEC filings, press & company announcements

$35.4M disclosed across 2 of 5 rounds · 2022–2025

Source: company announcements and press reports — follow each round's link for the claim.

Key figures

latest reported
HeadcountAug 202660

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

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Companies working in the same space as erad.

Legal entities · 1

corporate structure
Erad Technology Holding

In the news

erad raises $2.4m in Pre-Seederad.co · Sep 2022erad - Non-dilutive funding and payments for online businesses in the Middle Eastycombinator.com · Aug 2022

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, Oraseya Capital, Sprint Vc and 7 more.
How much funding has erad raised?
erad has disclosed $35.4M raised across 2 of its 5 known rounds.
Where is erad headquartered?
erad is headquartered in Riyadh, SA.