Stream Secures $4 Million Seed Funding
Stream, a Saudi Arabia-based fintech, has raised $4 million in seed funding led by Outliers VC, with participation from BYLD Ventures and prominent angel investors.
The funding will be used to scale the company's mission to transform B2B payments in the MENA region, starting with Saudi Arabia, by removing friction from getting paid.
Stream will fuel its product development in engineering, compliance, payment capabilities and the overall user experience while strengthening its internal systems to support a rapidly growing subscriber base.
- Investors: Outliers VC, BYLD Ventures, and angel investors including Abdullah Elyas, Co-founder of Careem
- Funding amount: $4 million
- Region: MENA, starting with Saudi Arabia
Author's summary: Stream raises $4 million to simplify B2B payments.
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