erad

erad

Non-dilutive funding and payments for online businesses in the Middle East. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
AUD15—22m (Dealroom.co estimates Sep 2022.)
Riyadh Riyadh Region (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2023
Revenues1.1m
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DateInvestorsAmountRound
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N/A

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N/A

Seed
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$2.4m

Seed
Total FundingAUD3.7m

Recent News about erad

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More about eradinfo icon
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Erad.co is a financial technology startup that provides working capital for online businesses. The company operates in the fintech market, serving e-commerce businesses that need quick and efficient access to funding. The business model of Erad.co is centered around a data-driven approach, where it assesses the financial health and potential of a business by analyzing its data. This allows Erad.co to provide financing in as fast as 48 hours.

The company's primary revenue stream comes from the interest and fees it charges on the capital it provides to businesses. It also offers top-ups, a feature that allows businesses to access additional funding when needed. This long-term partnership model ensures that businesses have the necessary financial support to grow and expand.

Erad.co integrates seamlessly with popular platforms like Shopify and Quickbooks, making it an efficient choice for online businesses. The company also provides key insights that are crucial for a business's growth. Moreover, Erad.co's financing adheres to the principles and values of Sharia law, making it a suitable option for businesses seeking Sharia-compliant financing.

In summary, Erad.co is a fintech startup that provides quick, efficient, and Sharia-compliant financing for online businesses, helping them to grow and succeed.

Keywords: Fintech, Working Capital, Online Businesses, Data-Driven, Quick Financing, Long-Term Partnership, Shopify Integration, Quickbooks Integration, Sharia-Compliant Financing, Business Growth.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.