Saudi fintech startup Stream has secured $4 million in seed funding to reshape how businesses across the MENA region manage and collect payments. The round was led by Outliers VC, with participation from BYLD Ventures and angel investors including Careem Co-founder Abdullah Elyas.
Founded in 2024 by Ibrahim Aldlaigan, Stream helps businesses automate every part of their billing and payment process. Its platform simplifies invoicing, scheduling, reconciliation, and cash flow tracking while giving users flexible payment options and full transaction visibility.
Building a Smarter Payment Ecosystem
Stream’s mission is simple: make getting paid as easy as spending money. The company automates the entire payment lifecycle for businesses through:
- App-free branded invoices that improve client interaction.
- Flexible billing options, including one-time, recurring, and installment payments.
- Integration with local payment rails for smoother transactions.
- Real-time reconciliation and reporting to improve financial visibility.
Stream began by serving early childhood education businesses and has since expanded into schools, SaaS platforms, and other service-based sectors. Its growth has been rapid, boasting 40% month-on-month increases and powering millions of dollars in payments for thousands of customers.
Bridging the Digital Payment Gap
The Saudi Central Bank’s 2023 Payments Usage Study revealed that 70% of retail transactions are now digital, totaling USD 4.8 trillion. Yet only 7% of these are recurring payments such as tuition, rent, or subscriptions. Most businesses still rely on manual or semi-manual billing systems.
Stream aims to change that. By offering automated, structured billing tools, it helps companies control payment timing and frequency, bringing predictability and flexibility to business transactions.
CEO Ibrahim Aldlaigan explained, “Most innovation in payments focuses on spending. We’re solving how businesses get paid. Stream gives them control and visibility while aligning payments with real service delivery.”
Backed by Strategic Investors
Investors are confident in Stream’s vision and execution.
- Sarah AlSaleh, General Partner at Outliers VC, said, “Stream combines local insight with world-class execution. It’s setting the standard for MENA’s next payment infrastructure.”
- Youcef Oudjidane, Founder of BYLD Ventures, added, “Ibrahim has built a team with technical excellence and strong culture. Stream is shaping the future of frictionless payments in MENA.”
The funding will strengthen Stream’s product development, compliance systems, and user experience as it scales across the region.
Looking Ahead
With a growing user base and clear market demand, Stream is well-positioned to lead the digital transformation of B2B payments in MENA. Its focus on automation, transparency, and adaptability reflects the region’s next big fintech opportunity.