Riyadh - Sharikat Mubasher: Simplified Financial Solutions Company (SiFi) raised a $20 million series A funding round led by Ra'ed Ventures, with participation from the global and regional investors QED Investors, Breyer Capital, MEVP, Sanabil Investments, Khawarizmi Ventures, SEEDRA Ventures, Rua Growth Fund, anb capital, and Tech Invest Com.

The funding will enable SiFi to expand its market presence, deepen AI-powered capabilities for finance teams, and layer additional finance workflows as it evolves into a full-suite finance management platform, the company revealed in a statement today.

Through its Saudi-based affiliate, Alhulul Almobassatah Financial Company, SiFi powers one of the leading spend management platforms in the Kingdom, empowering finance control teams through automation, real-time visibility, advanced analytics, and access to payment rails that enable instant corporate card issuance and direct vendor payments.

Ahmed Alhakbani, Co-founder and CEO of SiFi, said: “Our growth is driven by customer obsession. 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."

Meanwhile, Omar Almajdouie, Founding Partner at Ra’ed Ventures, commented: “SiFi has shown exceptional execution and strong momentum in a rapidly expanding market. What stands out most is the founders’ clarity of vision, operational excellence, and ability to consistently deliver, while building scalable solutions that solve real customer needs. Backed by a high-quality group of existing and new investors, SiFi is well-positioned to accelerate into its next phase of growth.”

This series A round follows a $10 million seed round closed in 2024, and brings SiFi’s total funding raised to over $34 million.