Saudi Arabia’s SME lending market has a $170 billion financing gap, and Abwab.ai is building the underwriting engine to help close it. The Riyadh-based startup has raised $4.0M in a seed round backed by Speedinvest and Middle East Venture Partners (MEVP).
Abwab.ai’s platform uses AI to automate credit risk assessment, turning unstructured data into decision-ready insights for lenders. Founded by veterans from Hala, Revolut, NVIDIA, and SNB, the company is tailored to the Saudi market and aligned with Vision 2030’s push to expand SME access to capital. The fresh capital arrives as the kingdom’s fintech scene accelerates, giving Abwab.ai runway to scale its technology for regional lenders.


















