SiFi raised $10 million in a seed round led by Sanabil Investments and Raed Ventures for its spend management platform
Amount Raised
$10 Million
Round Type
Seed
RiyadhFinancial ServicesFinanceFintechInvestors
Description
Saudi’s SiFi has raised $10 million in a seed round led by Public Investment Fund’s Sanabil Investments, and Raed Ventures, along with participation from several other investors including ANB seed, Saudi’s Rua Ventures, Dubai-based Byld Ventures, and Khalid bin Alwaleed’s KBW Ventures. SiFi, founded in 2021, provides a spend management platform for businesses to automate their expense processes.
Quick answer
SiFi raised $10 Million in a Seed round, dated June 3, 2024. Investors: Tech Invest Com, Seedra Ventures, Khwarizmi Ventures, Khalid Bin Alwaleed’s Kbw Ventures, Dubai Based Byld Ventures, Saudi’s Rua Ventures, Anb Seed and Raed Ventures. SiFi is based in Riyadh, Riyadh Region, Saudi Arabia.
- How much did SiFi raise?
- SiFi raised $10 Million in a Seed round on June 3, 2024.
- Who invested in SiFi?
- Tech Invest Com, Seedra Ventures, Khwarizmi Ventures, Khalid Bin Alwaleed’s Kbw Ventures, Dubai Based Byld Ventures, Saudi’s Rua Ventures, Anb Seed and Raed Ventures are named as investors in this round.
- What does SiFi do?
- SiFi, or Simplified Financial Solutions Company, is a spend management platform that enables businesses to automate their expense processes with corporate cards for employees.
- Where is SiFi based and how big is it?
- SiFi is based in Riyadh, Riyadh Region, Saudi Arabia. Fundz records about 98 employees.
- Who are the decision-makers at SiFi?
- Fundz holds 1 contact at SiFi. 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 SiFi that raised within 45 days of this round, from Fundz verified event records.
- Seeds Fincap Pvt. Ltd raised $8.5M (Series A) on July 17, 2024.
- Netevia raised $120M (Debt Financing) on July 8, 2024.
- CNote raised $77K on July 7, 2024.
- FreeBnk raised $3M on July 4, 2024.
- Conduit raised $37M (Series A) on June 30, 2024.
- AnchorZero raised $8M (Seed) on June 29, 2024.
Who to call at SiFi, and when
A new round usually means SiFi is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day SiFi raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at SiFi, from your own LinkedIn network
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Related People
SiFi raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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