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erad

Y Combinator LogoSummer 2022
Active
fintech
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https://erad.co/

Non-dilutive funding and payments in the Middle East

erad provides startups in the Middle East with non-dilutive growth capital. Connect your sales, marketing and banking data and receive an offer within 48 hours. Get access to key insights and analysis about your business.
Active Founders
Salem Abu-Hammour
Salem Abu-Hammour
Founder
Previously worked in M&A and banking, after working on an online coffee store with my current co-founder, Faris. Passionate about building, investing and data.
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Youssef Said
Youssef Said
Founder
CTO, in charge of tech @ erad Led large scale e-commerce programs in the Middle East from idea to development, after spending 10 years in tech consulting and building products as an engineer in Europe.
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Faris Yaghmour
Faris Yaghmour
Founder
Accidentally launched my first business, a coffee e-commerce store, with my current co-founder Salem, 6 years ago! Then stumbled into the Financial services world and spent 4 years learning about product and operations in retail & corporate banking. I then joined a BNPL startup before founding erad.
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Latest News
erad
erad
Founded:2022
Batch:Summer 2022
Team Size:5
Status:
Active
Location:Riyadh, Saudi Arabia
Primary Partner:Dalton Caldwell
 
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Company Launches
erad - Non-dilutive funding and payments for online businesses in the Middle East
See original launch post

Hey everyone 👋

This is Salem, Faris, and Youssef from erad. We are excited to share with you what we are building.

🤔 The Problem

Online businesses face a capital problem with limited funding options. Equity is dilutive and debt requires assets and collateral that most online businesses do not have.

💡 The Solution

erad provides payment processing and non-dilutive funding to online businesses in the Middle East. We underwrite these businesses by accessing their accounting, sales, payments, and marketing data. 
Our process involves connecting to your systems and offering you financing in 48 hours. We automate repayments by processing your online payments.

🕑 Our Backstory

Before launching erad, we owned an online business that we sold due to the lack of capital. We then worked in banking, M&A and built enterprise e-commerce programs in the Middle East.

Looking for alternative funding sources for your online business in the Middle East - Talk to us!