Rewaa Closes $45M Series B to Strengthen AI-Driven Operations

Mohammed Alqasir and Abdullah Aljadhai, Rewaa Co-Founders

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 a group of investors including Vision Ventures, RZM Investments, Sedco Capital, Saned Partners, and Palm Ventures, 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.”

Source: Entarabi