Erad Secures USD 125 Million Credit Facility
Erad, the Saudi Arabia–based FinTech company specializing in alternative financing for small and medium-sized enterprises, has secured a USD 125 million credit facility through a financing agreement with Jefferies, with investment participation from Channel Capital.
This milestone agreement is set to accelerate the deployment of integrated financing solutions across the GCC, marking Jefferies’ first asset-backed financing transaction in the region. As part of this expansion, the facility will enable Erad to broaden its operational reach across manufacturing, logistics, distribution, and real estate services, supporting deal sizes of up to USD 2.66million.
The credit facility comes at a pivotal moment for Erad, which has recorded six-fold year-on-year growth and received financing requests exceeding USD 700 million. Meanwhile, SMEs in the region continue to face an estimated USD 250 billion funding gap, limiting their ability to scale and compete effectively.
Erad aims to bridge this gap by offering Shariah-compliant, fast, and flexible working capital solutions, powered by advanced technologies and alternative data models. The platform serves SMEs across a diverse range of sectors, including retail, healthcare, food and beverage, and e-commerce.
Founded in 2022, Erad was established by Salem Abu-Hammour, Faris Yaghmour, Abdulmalik Almeheini, and Youssef Said, with a mission to transform SME access to capital in the region.
