Saudi-based fintech Erad secured $33 million in debt financing during the Money 20/20 Middle East conference, led by Stride Ventures. The funding will help scale its Shariah-compliant, data-driven financing platform across the GCC, aiming to close the region’s $250 billion SME credit gap. Erad has already processed over $50 million in financing and received funding requests exceeding $532 million, reflecting strong demand for fast and flexible SME lending solutions.