Ebra, a Saudi-based FinTech startup, has successfully raised $2 million in a seed funding round led by Seen Holding, with contributions from Raz Holding and other strategic investors.
Ebra’s mission is to revolutionize the debt collection industry using artificial intelligence, ensuring ethical, efficient, and regulatory-compliant recovery processes.
The company is focused on streamlining overdue payment collection through AI-driven solutions that improve recovery rates while maintaining transparency and customer trust.
By leveraging advanced data analytics, the fintech aims to reshape how businesses handle outstanding debts without resorting to intrusive collection methods.
According to our sources, Ebra plans to utilise the new funding to accelerate its expansion across Saudi Arabia and beyond.
The company will invest in strengthening its technology infrastructure, enhancing its AI models, and broadening its service offerings.
This growth will allow the startup to cater to a larger clientele while optimizing the debt settlement experience for businesses and consumers alike.
Ebra’s funding aligns with Saudi Arabia’s broader Vision 2030 goals, which emphasize the digital transformation of financial services.
As the country continues to invest in FinTech innovations, startups like Ebra play a crucial role in modernizing traditional financial operations, improving cash flow for businesses, and fostering a healthier financial ecosystem.
This is a testament to the increasing demand for AI-driven financial solutions in the Middle East. As the company continues to expand its reach and enhance its technology, it is set to become a leading player in the digital debt collection industry.
