SiFi Secures $20M Series A Funding
SiFi, an expense management platform, has announced the successful closure of its $20 million Series A funding round, led by RAED Ventures, with participation from QED Investors, Breyer Capital, Middle East Venture Partners (MEVP), Sanabil Investments, Khwarizmi Ventures, SEEDRA Ventures, Rua Growth Fund, Tech Invest Com, and anb capital.
SiFi provides an expense management platform that enables finance teams to manage spending and track expenses in real time, while offering advanced data analytics, instant issuance of corporate cards, and the ability to execute direct transfers to suppliers.
The company will utilize the new funding to expand in the Saudi market, enhance AI-powered capabilities for finance teams, and introduce new solutions as part of its transition into a fully integrated financial management platform.
Previously, SiFi closed a $10 million Seed round in 2024 and acquired UAE-based Neya in 2025.
The company was founded in 2021 under the leadership of Ahmed AlHakbani.
