Riyadh – Sharikat Mubasher: Saudi startup Rased, which specializes in AI-powered financial fraud detection and prevention, announced closing a pre-seed funding round led by Wa’ed Ventures and Share Investments, with participation from a group of additional investors.
As per a recent press release, Rased offers an advanced AI platform capable of detecting and blocking digital fraud in real time—without compromising user experience or slowing down systems—while fully complying with the latest Saudi Central Bank regulations.
The platform continuously analyzes behavioral and device signals, evaluating them within milliseconds to help financial institutions, banks, fintechs, and regulators intercept suspicious transactions before they escalate. It also provides comprehensive fraud case management and enables rapid system integration through APIs and SDKs.
Rased’s solutions emphasize regulatory compliance, privacy protection, and audit readiness, supported by AI models that learn user behavior over time to reduce false alerts and improve detection accuracy, surpassing traditional rule-based systems.
Currently serving clients across Saudi Arabia’s financial and fintech sectors, Rased plans to expand into the Gulf region and beyond, leveraging its scalable technology to meet the needs of digitally driven institutions.
