erad
A financing platform that provides Shariah-compliant working capital to small and medium-sized businesses in Saudi Arabia and the UAE.
$22MSeries A
ParticipantOC
Oraseya Capital
Activity from announced rounds
Activity in this selectionOct 17, 2026 · Jul 20, 2026
Oraseya Capital is the investment firm named in RemotePass and as an existing backer in erad coverage.
Recorded funding activity
RemotePass manages employment, payroll and spending for distributed teams. Erad supplies Shariah-compliant business working capital in Saudi Arabia and the UAE. The recorded financings connect the manager to different business operating services.
- Rounds participated in
- 2
- Confirmed lead rounds
- 0 All roles disclosed
- New companies
- 2 First participation on record · 0 follow-on
- Funding in participating rounds
- $22M 1 disclosed · full round size, not this investor’s share
By stage
By primary sector
By country
Rounds
2 in this selectionXSquare
XSquare connects invoicing, collections, supplier payments and reconciliation for business finance teams.
UndisclosedPre-seed
Participant