Abwab.ai Raises $4M Seed

Abwab.ai, a Riyadh-based fintech startup providing AI-powered credit infrastructure for financial institutions, has secured $4 million in seed funding. The company, which specializes in automating the loan origination and underwriting process for SME lending, announced the completion of the round at the LEAP conference.

Investors

This funding round was co-led by Speedinvest and Middle East Venture Partners (MEVP).

Abwab.ai Use of Funds

The company plans to use the new capital to further develop its credit infrastructure platform, which currently assists lenders with credit decisioning, digital loan origination, portfolio monitoring, and embedded financing capabilities.

About Abwab.ai

Founded in 2023 by Baraa Koshak and Mohammad Hashem, Abwab.ai is headquartered in Riyadh, Saudi Arabia. The company provides a software platform that integrates financial data—including bank statements, VAT records, and credit bureau information—to help lenders streamline the assessment and underwriting of loans for small and medium-sized businesses.

Funding Details

Company Website: https://abwab.ai

Company: Abwab.ai
Raised: $4M
Round: Seed
Funding Date: September 3, 2026
Lead Investor: Speedinvest, Middle East Venture Partners (MEVP)
Software Category: Fintech
Source: https://www.fwdstart.me/p/abwab-ai-raises-4m-led-by-speedinvest-and-mevp-for-saudi-sme-lending-platform