Saudi Arabia-based fintech company Stream has successfully raised an additional $5.2 million in a seed extension round, bringing its total seed funding to $9.2 million. The recent funding round was led by BECO Capital and included participation from STV, Flourish Ventures, and Arab Bank, along with existing investors Outliers and BYLD. Founded by Ibrahim Aldlaigan, Stream offers a comprehensive billing and payments infrastructure platform tailored for businesses across the MENA region. The company aims to streamline financial operations, enabling businesses to operate more efficiently and scale without hindrance. Stream’s platform supports various payment models, including subscriptions and instalment plans, and ensures compliance with local tax regulations through deep integration. The new funding will allow Stream to accelerate its growth, enhance its offerings, and continue innovating in the evolving landscape of financial technology in the region.
How did Stream secure an additional $5.2M in seed funding?
