Simplified Financial Solutions Company (SiFi), a Riyadh, Saudi Arabia-based spend management platform, has raised $20 million in Series A funding, bringing its total funding to over $34 million.
Investors
The round was led by Ra’ed Ventures, with participation from QED Investors, Breyer Capital, MEVP, Sanabil Investments, Khawarizmi Ventures, SEEDRA Ventures, Rua Growth Fund, anb capital, and Tech Invest Com.
Ra’ed Ventures is a venture capital firm based in Riyadh, Saudi Arabia, focused on early-stage technology investments (Seed and Series A) across the MENA region. The firm primarily targets fintech, logistics, and B2B SaaS sectors. Ra’ed offers a platform called Raed Plus, which provides portfolio companies with operational support, expert mentorship, and access to regional corporate networks to help them scale across the GCC.
SiFi Use of Funds
The fresh funds will 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.
About Simplified Financial Solutions Company (SiFi)
Led by CEO Ahmed AlHakbani, SiFi is a financial software company that provides spend management platform designed to provide finance teams with seamless control over corporate spending. The platform combines corporate cards, automated expense management, and vendor payments into a single solution that enables organizations to gain real-time visibility, enforce spending policies, and simplify financial operations. Today, SiFi serves over 3,500 organizations across the Kingdom of Saudi Arabia.
Funding Details
Company: Simplified Financial Solutions Company (SiFi)
Raised: $20.0M
Round: Series A
Funding Date: February 2026
Lead Investor: Ra’ed Ventures
Additional Investors: QED Investors, Breyer Capital, MEVP, Sanabil Investments, Khawarizmi Ventures, SEEDRA Ventures, Rua Growth Fund, anb capital, Tech Invest Com
Company Website: https://www.sifi.app/
Software Category: Spend Management & Fintech Platform
Source: SiFi