SVSaudi Venture Atlas
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Fintech Β· Founded 2022

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πŸ‡ΈπŸ‡¦ Riyadherad.co

Alternative financing platform providing Shariah-compliant working capital to SMEs.

Founders
Salem Abu-Hammour, Faris Yaghmour, Abdulmalik Almeheini, Youssef Said
Total known funding
$40.4M
Rounds
4
Investors
14

Funding timeline

Undisclosed
Pre-Seed
Jan 2022
$2.4M
Pre-Seed
Jun 2022
$16.0M
Other
Apr 2025
$22.0M
Series A
Sep 2026

Funding history

Saudi investors

International investors