erad raised $2.4 million in Pre-SEED led by UAE-based Nuwa Capital and VentureSouq

September 20, 2022

, By Team SNFYI

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erad, the alternative growth financing platform raised $2.4 million in Pre-SEED led by UAE-based Nuwa Capital and VentureSouq where Saudi Arabian venture capital firm, Khwarizmi Ventures, and prominent regional angel investors. Co-founded by Salem Abu-Hammour, Faris Yaghmour, and Youssef Said also participated.

erad’s data-driven platform assesses promising online businesses’ marketing, sales, and accounting activity. The applicant’s previous track record and potential ability to scale determine its funding eligibility. According to the company, funding offers are made within 48 hours, and capital is deployed immediately after that. Erad facilitates online payments to ensure operational simplicity and a consistent user experience. The funds raised in erad’s Pre-SEED round will be used to improve the platform and propel the company’s expansion into new markets across the region.

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erad raised $2.4 million in Pre-SEED led by UAE-based Nuwa Capital and VentureSouq

September 20, 2022

, By Team SNFYI

erad, the alternative growth financing platform raised $2.4 million in Pre-SEED led by UAE-based Nuwa Capital and VentureSouq where Saudi Arabian venture capital firm, Khwarizmi Ventures, and prominent regional angel investors. Co-founded by Salem Abu-Hammour, Faris Yaghmour, and Youssef Said also participated.

erad’s data-driven platform assesses promising online businesses’ marketing, sales, and accounting activity. The applicant’s previous track record and potential ability to scale determine its funding eligibility. According to the company, funding offers are made within 48 hours, and capital is deployed immediately after that. Erad facilitates online payments to ensure operational simplicity and a consistent user experience. The funds raised in erad’s Pre-SEED round will be used to improve the platform and propel the company’s expansion into new markets across the region.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Good Glamm group is in talks to acquire a majority stake in digital content firm Tweak

Next News

ADIB ‘Yusr’ to assist customers in obtaining a 50% salary advance

More like this

Popular

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