Saudi SME lending startup Abwab.ai raises $4M in seed funding led by Speedinvest and MEVP to automate credit infrastructure for banks.
Amount Raised
$4 Million
Round Type
Seed
RiyadhFinancial ServicesFinanceFintechLendingBankingInvestors
Description
Abwab.ai, a Riyadh-based fintech startup, has raised $4 million in seed funding from Speedinvest and Middle East Venture Partners (MEVP). The company builds AI-powered credit infrastructure for banks and lenders, automating loan origination and underwriting for small and medium-sized businesses. Abwab's technology is currently used by over 13 financial institutions and has processed more than SAR 1 billion in SME loans. The funding was announced at the LEAP conference in Riyadh this week.
Quick answer
Abwab.ai raised $4 Million in a Seed round, dated September 3, 2026. Investors: Middle East Venture Partners and Speedinvest. Abwab.ai is based in Riyadh, Riyadh Region, Saudi Arabia.
- How much did Abwab.ai raise?
- Abwab.ai raised $4 Million in a Seed round on September 3, 2026.
- Who invested in Abwab.ai?
- Middle East Venture Partners and Speedinvest are named as investors in this round.
- What does Abwab.ai do?
- Abwab.ai is a Riyadh-based fintech that builds AI-powered credit infrastructure for banks and lenders, automating loan origination and underwriting for small and medium-sized businesses.
- Where is Abwab.ai based and how big is it?
- Abwab.ai is based in Riyadh, Riyadh Region, Saudi Arabia. Fundz records about 38 employees.
- Who are the decision-makers at Abwab.ai?
- Fundz holds 4 contacts at Abwab.ai, including the Co-founder, CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Abwab.ai that raised within 45 days of this round, from Fundz verified event records.
- EFY Finance raised an undisclosed amount (Seed) on October 13, 2026.
- Cloud9 raised $500K (Pre-Seed) on October 7, 2026.
- Neurofin raised $1.6M (Seed) on October 5, 2026.
- Seeds Fincap Pvt. Ltd raised $10M (Series B) on October 1, 2026.
- Jeeves raised $110M on September 29, 2026.
- NG.CASH raised $15M on September 23, 2026.
Who to call at Abwab.ai, and when
A new round usually means Abwab.ai is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Abwab.ai raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Abwab.ai, from your own LinkedIn network
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