RIYADH: Startups across the Middle East and North Africa continued to attract investor interest last week, with fresh capital flowing into fintech, proptech, logistics, agritech and artificial intelligence-driven platforms.
Saudi Arabia-based Simplified Financial Solutions Co. has raised $20 million in a Series A round led by Ra’ed Ventures, with participation from QED Investors, Breyer Capital, Middle East Venture Partners, Sanabil Investments, Khawarizmi Ventures, SEEDRA Ventures, Rua Growth Fund, anb capital and Tech Invest Com.
Founded in 2021 by Ahmed Al-Hakbani, SiFi provides financial management solutions for startups and SMEs, including corporate cards, spend management and automated expense reporting.
The round follows a $10 million seed raise, bringing total funding to more than $34 million. Proceeds will support market expansion, development of AI-powered finance capabilities and additional workflows toward a full-suite platform.
MENA AI funding reaches record $858m, captures 22% of VC in 2025
