erad
A financing platform that provides Shariah-compliant working capital to small and medium-sized businesses in Saudi Arabia and the UAE.
$22MSeries A
ParticipantKV
Khwarizmi Ventures
Activity from announced rounds
Activity in this selectionOct 18, 2026 · Jul 21, 2026
Khwarizmi Ventures is the investment firm named by RemotePass and as an existing investor in erad’s financing statement.
Recorded funding activity
RemotePass supplies employment, payroll and spending tools for distributed teams. Erad provides Shariah-compliant working capital for businesses in Saudi Arabia and the UAE. The recorded activity connects different business-finance and workforce services.
- Rounds participated in
- 1
- Confirmed lead rounds
- 0 All roles disclosed
- New companies
- 1 First participation on record · 0 follow-on
- Funding in participating rounds
- $22M 1 disclosed · full round size, not this investor’s share