Funding
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Khwarizmi Ventures

Activity from announced rounds

Activity in this selectionmicrosoft-eec27715

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.

Sources
Rounds participated in
2
Confirmed lead rounds
0
1 roles undisclosed
New companies
2
First participation on record · 0 follow-on
Funding in participating rounds
$39.4M
2 disclosed · full round size, not this investor’s share

By stage

Series A1
Series B1

By primary sector

Fintech2

By country

Saudi Arabia1
United Kingdom1

Rounds

2 in this selection
erad

A financing platform that provides Shariah-compliant working capital to small and medium-sized businesses in Saudi Arabia and the UAE.

$22MSeries A
Participant
RemotePass

Global platform for employment, payroll, and spend management for distributed teams

$17.4MSeries B
Role not disclosed