Erad Technology Holding Analysis
What is Erad Technology Holding?
erad provides Shariah-compliant working capital financing for online businesses in the UAE and Saudi Arabia. The company offers revenue-based and fixed-term financing, with offers as fast as 48 hours after customers share sales, marketing, accounting, and banking data. It operates through Erad (DIFC) Limited, which is regulated by the Dubai Financial Services Authority.
Location
Riyadh, Saudi Arabia
Employees
11-50
Founded
2022
Company Stage
Seed
YC Batch
S22
Product Features & Capabilities
- Working capital financing for online businesses, Fast approval process, Top-up options for extra funding, Business insights and analytics, Shariah-compliant financing, Integration with platforms like Shopify and QuickBooks.
Market Focus
Erad Technology Holding primarily focuses on the financial services industry, specifically providing working capital financing for online businesses while adhering to Shariah principles.
Business Model
Revenue from financing fees based on future revenue share agreements with businesses.
Investors
- Riyadh Angel Investors
- Palm Ventures
- Nuwa Capital
- Khwarizmi Ventures
- VentureSouq
- A group of angel investors
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