Stream, a Saudi-founded platform focused on modernising billing and payments for businesses in the MENA region, has secured US$4 million in seed funding to advance its goal of simplifying how businesses get paid.
The round was led by early-stage investment firm Outliers VC, with participation from BYLD Ventures and angel investors including Abdullah Elyas, Co-founder of Careem.
The funding will be used to enhance Stream’s product development, including engineering, compliance, and payment capabilities, while improving its user experience and internal systems to support a growing subscriber base.
Founded in 2024 by Ibrahim Aldlaigan, Stream offers tools to manage and automate the payment lifecycle, from issuing branded, app-free invoices and scheduling payments to reconciliation and record-keeping.
The platform initially focused on the early childhood education sector before expanding to school networks, SaaS providers, and other industries.
The company has reported 40% month-on-month growth since launch, processing millions in payments for thousands of customers.
Aldlaigan said,
“Most of the world’s innovation in payments has focused on how people spend. We’re focused on how businesses get paid. This round helps us build the tools and infrastructure that make that as easy in MENA as it is anywhere else.”
He added,
“Most businesses in Saudi Arabia and the region still collect everything upfront because they lack the systems to bill over time. Stream gives them structure and control, a business defines how and when payments happen, and we handle the rest. It’s about making payments predictable, flexible, and connected to the real flow of services.”
Featured image credit: Stream
