- Rewaa announces the closure of a Series B funding round worth $45 million, led by three investment funds, most notably Wa’ed Ventures, Idrisi Ventures, and Unity Ventures.
- The funding round included participation from a group of investors including Vision Ventures, RZM Investments, Sedco Capital, Saned Partners, and Palm Ventures
- The round will help accelerate the development of AI-powered smart operating technologies for Rewaa
Rewaa, a company specialized in point-of-sale and cloud computing solutions, has closed a Series B funding round worth $45 million, led by Wa’ed Ventures, Idrisi Ventures, and Unity Ventures, with participation from , and Abdulrahman Saleh Al-Rajhi & Sons Company.
The investment round supports Rewaa’s expansion strategy through the integration of artificial intelligence technologies to simplify business management for small and medium-sized enterprises and support retailers in the Kingdom of Saudi Arabia.
This round follows a previous Series A funding round worth $27 million completed two years ago to support the company’s rapid growth, expand its merchant customer base, and digitize its operational processes.
Mohammed Al-Qusair, Co-Founder and CEO of Rewaa, said:
“The new funding round aims to accelerate the development of AI-driven smart operating technologies, enabling merchants to reduce operational effort while increasing efficiency and accuracy in managing their businesses — positioning Rewaa as the most trusted operating platform for SMEs in the Kingdom.”
About Rewaa
Rewaa was founded in 2018 by Mohammed Al-Qusair and Abdullah Al-Jadhai. In just a few years, it has become a leading platform enabling small and medium-sized enterprises to unify their operational and financial processes through a comprehensive cloud-based solution that integrates accounting management, inventory systems, and point-of-sale (POS) systems, with real-time synchronization between store branches and online warehouses.
