Saudi fintech SiFi raises $20 million Series A led by Ra’ed Ventures to enhance its financial management solutions for startups and SMEs.
Amount Raised
$20 Million
Round Type
Series A
RiyadhFinancial ServicesFinanceFintechInvestors
Description
Simplified Financial Solutions Company has announced a $20 million Series A funding round led by Ra'ed Ventures, with participation from multiple investors. The funds will be used to expand market presence and improve AI-powered finance capabilities. SiFi has seen significant growth, serving over 3,500 organizations in Saudi Arabia. This round follows a previous $10 million seed round, bringing total funding to over $34 million.
Quick answer
SiFi raised $20 Million in a Series A round, dated February 9, 2026. Investors: Seedra Ventures, Tech Invest Com, ANB Capital, Rua Growth Fund, Ra'ed Ventures, QED Investors, Breyer Capital and Mevp. SiFi is based in Riyadh, Riyadh Region, Saudi Arabia.
- How much did SiFi raise?
- SiFi raised $20 Million in a Series A round on February 9, 2026.
- Who invested in SiFi?
- Seedra Ventures, Tech Invest Com, ANB Capital, Rua Growth Fund, Ra'ed Ventures, QED Investors, Breyer Capital and Mevp 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.
- Zalos raised $3.6M (Seed) on March 24, 2026.
- Conduit raised $6M (Seed) on March 24, 2026.
- Chaince Digital Holdings raised $5M (Post-IPO Equity) on March 19, 2026.
- dtcpay raised $10M (Series A) on March 18, 2026.
- MetaComp Pte. Ltd raised $35M (Pre-Series A) on March 17, 2026.
- MetaComp raised an undisclosed amount (Pre-Series A) on March 13, 2026.
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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