Saudi FinTech Ebra Secures $2M to Expand AI-Driven Debt Recovery

Saud Al Anzi, Ebra Founder & CEO

Saudi-based company Ebra has raised $2 million in a Seed funding round led by Seen Holding, with participation from Raz Holding and a group of strategic investors. The company leverages artificial intelligence to conduct ethical and efficient debt collection, ensuring compliance with regulations. This investment will support Ebra’s expansion in the FinTech sector, enabling the company to offer flexible payment solutions and enhance customer experience.

Smart AI-powered Collection Solutions

Ebra specializes in collecting overdue payments using AI technology, providing effective debt recovery services while adhering to ethical and regulatory standards. The company aims to advance the debt collection industry in Saudi Arabia.

Ebra’s approach is distinguished by its flexible solutions, secure digital payment channels, and a professional, non-intrusive communication style, avoiding harassing calls and fostering positive client relationships.

Funding Utilization for Expansion

The newly secured funding will be utilized to expand Ebra’s geographic reach and strengthen its technological platform. This will allow the company to serve a larger number of businesses and customers, while improving the user experience.

Data-driven Solutions

Ebra offers its clients precise, data-driven insights and an advanced dashboard to manage collection processes with flexibility and transparency. This streamlines the debt settlement process, making it more efficient and user-friendly.

Commitment to Transparency and Quality

Ebra emphasizes its commitment to transparency, data protection, and customer service. This ensures improved debt recovery efficiency and strengthens businesses’ trust in modern tech-driven solutions.

Future of Debt Collection in Saudi Arabia

With Saudi Arabia’s push toward FinTech innovation and the goals outlined in Vision 2030, companies like Ebra are emerging as key players in the digitization of debt collection services. Their smart solutions address the needs of the financial sector and contribute to improving businesses’ cash flow.

Source: EntArabi