Riyadh – Sharikat Mubasher: Saudi retail technology company Rewaa announced it has closed a $45 million Series B funding round to accelerate the development of new artificial intelligence–driven solutions for small and medium-sized businesses.

As per the company’s press release, the round was co-led by Wa’ed Ventures, Idrisi Ventures, and Unity Invest Partners, with participation from Vision Ventures, RZM Investment, Sadu Capital, Sand Investment, Palm Ventures, Abdulrahman Suleiman Al Rajhi & Sons Company, and Alinma Capital.

The latest raise builds on Rewaa’s $27 million Series A round in 2023, reinforcing investor confidence in the company’s growing role within Saudi Arabia’s SME ecosystem. Over recent years, Rewaa has expanded its footprint across the Kingdom, positioning itself as an all-in-one operational platform for merchants and SMEs, covering sales, inventory management, accounting, invoicing, and multi-branch operations.

Following the close of the round, Rewaa said it is entering a new phase focused on intelligent automation, with AI becoming a core part of the daily merchant experience. The company aims to use AI to deliver real-time financial insights, anticipate challenges and opportunities, and enable faster, data-driven decision-making. This approach is designed to simplify complex operations, reduce manual workloads, and allow business owners to focus more on growth and strategic planning.