Rased, a Saudi-based company specializing in AI-powered solutions for financial fraud detection and prevention, has successfully closed its Pre-Seed funding round. The round was led by Wa’ed Ventures and Share Investment, with participation from a group of other investors.
Founded in 2022 by Talal Al-Badrani and Mustafa Al-Salihi, Rased has developed an advanced AI platform designed to instantly detect and block digital financial fraud. The system operates without compromising the user experience or system performance, while adhering to the latest requirements set by the Saudi Central Bank (SAMA).
Next-Generation Fraud Prevention
Rased’s platform differentiates itself from traditional rule-based systems by leveraging sophisticated AI models that learn user behavior over time. This dynamic approach significantly reduces false positives and enhances decision-making accuracy.
The technology analyzes behavioral and device signals in real-time, evaluating them within milliseconds. This allows financial institutions, banks, fintech companies, and regulatory bodies to intercept suspicious transactions before they can be completed. The platform supports rapid integration with existing digital systems through APIs and SDKs.
Built for Regulatory Compliance
A core focus for Rased is providing solutions that meet stringent regulatory compliance standards. The platform includes a comprehensive case management system for fraud incidents and features built-in privacy protection and audit-ready transaction logging.
By automating the detection process and providing robust management tools, Rased equips organizations with the necessary infrastructure to secure their operations and protect their customers effectively.
Strategic Growth and Regional Expansion
Currently serving banks, fintechs, and regulatory bodies in Saudi Arabia, Rased is poised for growth. The company plans to use the new capital to expand its operations across the Gulf region and beyond, leveraging its scalable technology architecture to meet the evolving needs of digital enterprises.
About Rased
Founded in 2022, Rased is a Saudi technology company that provides an AI-powered platform for real-time detection and prevention of digital financial fraud. Its solutions help financial institutions and fintech companies protect their systems and users while ensuring compliance with regulatory standards.
Source: Jawlah
