Abwab.ai raises $4m seed led by Speedinvest for AI-driven SME lending
By Cicada DeskEvent date: 1 min read
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In brief
Riyadh-based Abwab.ai raised SR15 million ($4 million) in a seed round led by European venture firm Speedinvest, with Middle East Venture Partners participating; it is Speedinvest's first investment in Saudi Arabia.
Riyadh-based Abwab.ai raised SR15 million ($4 million) in a seed round led by European venture firm Speedinvest, with Middle East Venture Partners participating; it is Speedinvest's first investment in Saudi Arabia. Abwab.ai sells AI-powered lending infrastructure that lets banks and finance companies automate SME lending from onboarding through to collections.
The company says lenders using its technology have processed more than SR10 billion in SME loans across more than 10 institutions, including Abdul Latif Jameel Finance, Kafalah, Hala and Lendo. Founder and CEO Baraa Koshak said the next stage of SME finance in the Kingdom is giving financial institutions the infrastructure to grow efficiently.
Key figures
- $4mseed round
- 10SAR bnSME loans processed on the platform
Sources
This report is compiled from the sources below. Cicada links to every source we rely on.
Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "Abwab.ai raises $4m seed led by Speedinvest for AI-driven SME lending". Cicada, 21 September 2026. https://cicadaconsultancy.online/en/news/abwab-ai-4m-seed-speedinvest-2026
Free to quote and reuse with attribution under CC BY 4.0.
