Saudi financial technology startup Ebra secures $2 million in seed funding for its debt collection platform
In the dynamic world of fintech, a new player is making waves in the Middle East. Ebra, an AI-powered debt collection company based in Riyadh, Saudi Arabia, has recently secured $2 million in a seed funding round.
The funding round was spearheaded by Seen Holding, with participation from Raz Holding and other strategic investors. This investment marks a significant step forward for Ebra, as it aims to become the first AI-powered debt collection company in the region.
Founded by Saud Alanzi in 2024, Ebra operates as a licensed technology platform in Saudi Arabia, providing businesses with a technology platform for collecting overdue payments. The company's solution includes secure digital payment options, real-time data insights, and professional communication methods, all aimed at streamlining the debt collection process and improving recovery rates.
Ebra's approach emphasizes transparency, customer trust, and high recovery rates through AI-driven solutions. With the fresh funds, Ebra plans to accelerate its expansion across Saudi Arabia, enhance its AI models, and broaden its service offerings.
While a comprehensive search of publicly available information did not yield specific results about Ebra's operations, it is clear that the company is poised to make a significant impact in the debt collection industry, leveraging the power of AI to revolutionise the way businesses manage their outstanding payments.
As the financial sector continues to embrace technology, it will be fascinating to see how Ebra's innovative approach evolves and expands, shaping the future of debt collection in the Middle East.
Ebra, having secured $2 million in a seed funding round led by Seen Holding, plans to use the funds to expand its operations within Saudi Arabia, aiming to leverage technology and AI solutions to revolutionize the debt collection industry in the Middle East and provide businesses with secure digital payment options, real-time data insights, and professional communication methods. The company's goal is to become the first AI-powered debt collection company in the region.
