Riyadh – Sharikat Mubasher: Stream, a Riyadh-based payments and billing platform, announced it has raised $5.2 million in a seed extension round, bringing its total seed funding to $9.2 million less than six months after its initial raise.
The round was led by BECO Capital, with participation from STV, Flourish Ventures, Arab Bank, and existing investors Outliers and BYLD, according to the company’s press release.
Founded in 2024, Stream provides businesses with integrated billing, payments, and post-payment operations through a single platform. The company said the new funding will support product development and expansion as demand grows for more flexible payment infrastructure across the MENA region.
The platform enables businesses to manage subscriptions, instalment plans, reconciliation, reminders, and reporting, while maintaining compliance through deep integration with Saudi Arabia’s ZATCA tax system. Stream has also introduced subscription management APIs and Model Context Protocol support as part of its push toward AI-native payments.
Ibrahim Aldlaigan, Founder and CEO of Stream, said the company extended the round to accelerate growth and meet increasing customer demand. Meanwhile, Dany Farha, Founder and Managing Partner at BECO Capital, said the firm backed Stream due to its strong product vision and growing opportunity in the regional billing infrastructure market.
