Riyadh – Sharikat Mubasher: Saudi-based billing and payments platform Stream announced raising $4 million in seed funding to accelerate its mission of simplifying how businesses across the MENA region get paid.
As per a recent press release, the round was led by Outliers VC, with participation from BYLD Ventures and angel investors including Abdullah Elyas, Co-founder of Careem.
Founded in 2024 by Ibrahim Aldlaigan, Stream automates the full payment lifecycle for businesses, from issuing branded, app-free invoices to managing flexible payment schedules, local payment collection, reconciliation, and financial tracking. The platform began with early childhood education providers and has since expanded into schools, SaaS platforms, and other sectors.
Stream currently processes millions in payments for thousands of users, recording 40% month-on-month growth since launch. The new capital will be used to expand its engineering, compliance, and payment infrastructure, enhance user experience, and strengthen internal systems to support its growing subscriber base.
Aldlaigan said the company is tackling an overlooked side of fintech: “Most innovation focuses on how people spend. We’re focused on how businesses get paid.” He added that many businesses in Saudi Arabia still rely on upfront payments due to the lack of automated billing tools, a gap Stream aims to fill by enabling one-time, recurring, or installment-based payments.
