Saudi fintech SiFi, operating under Simplified Financial Solutions Company, has secured $20 million in Series A funding, led by Ra’ed Ventures. The round drew strong participation from a mix of global and regional investors, including QED Investors, existing backer Breyer Capital, and regional firm MEVP, alongside Sanabil Investments, Khawarizmi Ventures, SEEDRA Ventures, Rua Growth Fund, anb capital, and Tech Invest Com.
Through its Saudi-based affiliate, Alhulul Almobassatah Financial Company, SiFi powers one of the Kingdom’s leading spend management platforms, helping finance teams gain control through automation, real-time visibility, and advanced analytics. The platform enables instant corporate card issuance and direct vendor payments, streamlining how organizations manage expenses and cash flow.
SiFi has seen rapid momentum over the past year, growing total payments volume by more than 5x in under 12 months. Today, the company serves over 3,500 organizations across Saudi Arabia, spanning private sector leaders and major government entities—highlighting rising demand for modern, compliant finance infrastructure in the Kingdom.
“Our growth is driven by customer obsession,” said H.E. Ahmed Alhakbani, Co-Founder and CEO. “We exist to remove the operational pain finance teams live with, and this funding enables us to keep building practical, high-impact solutions that truly simplify finance.”
From the investor side, Ra’ed Ventures pointed to execution and clarity as key drivers behind the investment. “SiFi has shown exceptional momentum in a rapidly expanding market,” said Omar Almajdouie, Founding Partner at Ra’ed Ventures. “The team combines strong operational excellence with a clear vision for building scalable solutions that solve real customer needs.”
The Series A follows a $10 million seed round, bringing total capital raised to over $34 million. SiFi plans to deploy the new funding to expand its market presence, deepen AI-powered capabilities for finance teams, and add new workflows as it evolves into a full-suite finance management platform.
As Saudi Arabia continues to digitize enterprise finance under Vision 2030, SiFi is positioning itself as a core infrastructure player—simplifying how organizations spend, pay, and stay in control.
