---
title: "Abwab.ai raises $4m seed led by Speedinvest for AI-driven SME lending"
url: "https://cicadaconsultancy.online/en/news/abwab-ai-4m-seed-speedinvest-2026"
language: "en"
event_date: "2026-09-21"
published: "2026-10-03"
last_verified: "2026-10-03"
category: "Startups"
publisher: "Cicada (cicadaconsultancy.online)"
license: "CC BY 4.0"
---

# Abwab.ai raises $4m seed led by Speedinvest for AI-driven SME lending

- Event date: 21 September 2026 (2026-09-21)
- Topic: Startups
- In this story: Abwab.ai, Speedinvest, MEVP
- URL: https://cicadaconsultancy.online/en/news/abwab-ai-4m-seed-speedinvest-2026

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

- seed round: $4 m
- SME loans processed on the platform: 10 SAR bn

## Sources

1. [Saudi fintech Abwab.ai raises $4m in seed round led by Speedinvest](https://www.arabnews.com/startups/saudi-fintech-abwabai-raises-4m-in-seed-round-led-by-speedinvest-3002549) — Arab News, 2026-09-21

Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.

---

Cicada · The signal in Saudi AI.
License: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/) · Full archive for language models: https://cicadaconsultancy.online/llms-full.txt