Fintech company Ebra in Saudi Arabia secures a $2 million seed funding for its debt collection platform.
Ebra, a pioneering AI-powered debt collection company headquartered in Riyadh, has secured $2 million in a seed funding round. The investment will be used to strengthen Ebra's technology infrastructure, expand its team, and accelerate product development [1][2].
Founded in 2024 by Saud Alanzi, Ebra offers businesses a technology platform for managing overdue payments. The solution includes secure digital payment options, real-time data insights, and professional communication methods, all aimed at enhancing the debt collection process [1].
Ebra's approach emphasizes transparency and customer trust while maintaining high recovery rates through AI-driven solutions. The company positions itself as a pioneer in the region for applying AI technology to debt collection, signaling its ambition to become a market leader in the fintech space [1].
The funding round was led by Seen Holding, with participation from Raz Holding and other strategic investors. With the fresh funds, Ebra plans to accelerate its expansion across Saudi Arabia [2]. By recruiting product managers and engineers, Ebra aims to enhance and evolve its core AI-powered features, suggesting a focus on platform refinement and new capability development [2].
The company operates as a licensed technology platform in Saudi Arabia. As of mid-2025, Ebra is hiring for key roles such as Senior Full Stack Engineer and Product Manager to advance its AI-driven debt collection platform, reflecting ongoing product development and scaling [1][2].
While specific geographic expansion plans are not detailed, the company's strategic focus is on expanding market presence in Saudi Arabia and likely broader MENA regions by leveraging AI for more efficient debt recovery [2].
In summary, following the recent seed funding, Ebra is actively building its product and team to revolutionize debt collection in Saudi Arabia through AI, with clear plans to deepen and scale its technology-driven solutions [1][2].
[1] [https://www.techcrunch.com/2025-05-12/ebra-raises-2-million-to-revolutionize-debt-collection-in-saudi-arabia-with-ai-powered-solutions/] [2] [https://www.arabnews.com/node/1853471/business-economy]
- Ebra, having secured $2 million in a seed funding round, is focusing on using the investment to strengthen its technology infrastructure, indicating a commitment to enhancing its AI-powered features and technical capabilities in the finance sector.
- In an effort to revolutionize debt collection in Saudi Arabia, Ebra, having recently raised $2 million, is hiring key roles such as Senior Full Stack Engineer and Product Manager, aiming to evolve its AI-driven debt collection platform and potentially expand into other MENA regions.
