Company Overview
About erad
erad is a YC-backed fintech company providing Shariah-compliant, revenue-based financing to SMEs in Saudi Arabia and the UAE — a market where conventional revenue-based financing products are unavailable due to Islamic finance requirements. The company secured a $125 million credit facility led by Jefferies in 2025, reported 6x year-over-year growth, and has processed $700 million+ in financing requests from SMEs across the MENA region.
Business Model & Competitive Advantage
Revenue-based financing — where businesses repay loans as a percentage of monthly revenue rather than fixed installments — is well-established in Western fintech (Clearco, Capchase) but barely present in Gulf markets due to the Islamic finance constraint. erad's structure uses Shariah-compliant murabaha and ijara contracts that achieve the same economic outcome as revenue-based financing without interest charges.
Competitive Landscape 2025–2026
Saudi Arabia's Vision 2030 is actively developing the SME sector as a driver of economic diversification, with government programs targeting SME contributions to GDP from 20% to 35% by 2030. erad is positioned as critical infrastructure for this SME expansion: providing growth capital to businesses that lack the collateral for traditional bank loans but have demonstrated revenue track records. The Jefferies facility provides institutional-grade capital to fund the lending book at scale.
Open Positions
Reddit Discussions
Key Differentiators
Emerging Innovator
erad is an emerging player bringing innovative solutions to the Fintech market.
Growth Stage
erad has achieved $125M in revenue, demonstrating strong product-market fit.
Frequently Asked Questions
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