Simplified Financial Solutions Company has secured $20 million in Series A funding. The round was led by Ra’ed Ventures. Global and regional investors joined the raise. These include QED Investors, Breyer Capital, MEVP, Sanabil Investments, Khawarizmi Ventures, SEEDRA Ventures, Rua Growth Fund, anb capital, and Tech Invest Com.
This funding marks a major milestone. It strengthens Saudi Arabia’s fast growing fintech sector. It also positions SiFi for rapid expansion.
Strong Investor Backing Signals Market Confidence
The investor mix reflects strong belief in SiFi’s model and execution. The round combines:
- Global fintech expertise from QED Investors
- Continued support from Breyer Capital
- Regional scale from MEVP and Ra’ed Ventures
- Strategic Saudi backing from leading local funds
This balance gives SiFi capital, networks, and strategic depth. It also signals confidence in Saudi Arabia’s fintech growth under Vision 2030.
SiFi now surpasses $34 million in total funding. The company previously raised $10 million in seed capital to launch and refine its platform.
Powering Saudi Arabia’s Leading Spend Platform
Through its Saudi affiliate, Alhulul Almobassatah Financial Company, SiFi operates the Kingdom’s leading spend management platform. The solution helps finance teams gain full control over corporate spending.
The platform offers:
- Instant corporate card issuance
- Direct vendor payments
- Automated expense management
- Real time spending visibility
- Advanced analytics and reporting
SiFi integrates these tools into one unified system. Finance teams no longer juggle multiple tools. They operate from a single dashboard.
The results speak clearly. SiFi increased total payment volume by more than five times in under one year. The company now serves over 3,500 organizations. These include private firms and major government entities across Saudi Arabia.
Solving Real Pain for Finance Teams
SiFi focuses on one core mission. Remove operational friction for finance departments.
CEO Ahmed Alhakbani emphasizes customer obsession. The company designs tools that solve daily finance problems. Teams gain clarity. They enforce spending policies. They reduce manual work.
This approach drives adoption. It also builds long term trust.
Omar Almajdouie of Ra’ed Ventures highlighted the company’s operational discipline and execution strength. He pointed to the founders’ clear vision and ability to deliver scalable solutions in a fast expanding market.
Scaling with AI and Workflow Expansion
SiFi will use the new capital to accelerate growth. The company plans to:
- Expand its presence across the Kingdom
- Deepen AI powered analytics
- Add new finance workflows
- Evolve into a full suite finance management platform
AI will play a central role. Smart insights can flag anomalies. Predictive tools can improve budgeting. Automation can reduce approval delays.
This expansion moves SiFi beyond spend management. It aims to become a comprehensive financial operations platform for modern organizations.
Saudi Arabia’s fintech sector continues to mature. SiFi’s growth reflects this momentum. With strong funding and clear execution, the company stands ready for its next growth phase.