• Sadq raised USD 1.46M in pre-Series A funding led by X by Unifonic Fund to boost digital authentication services.
  The Saudi startup will use the funds to enhance tech, attract talent, and expand secure digital signature solutions.
• Founded in 2022, Sadq offers legally recognized e-signatures and workflow authentication as digital trust gains traction in Saudi Arabia.

Sadq

What happened? Saudi-based Sadq secured USD 1.46 million (SAR 5.50M) in a pre-series A funding round. The round was led by X by Unifonic Fund with participation from a group of investors. 

The investment reinforces Sadq’s position in the Kingdom’s fast growing authentication sector. 

Ayman Hamdan, Founding Partner of X by Unifonic Fund, said: “ Through this funding round, we are proud to support Sadq’s journey as it scales its service offerings, strengthens its market presence, and innovates across the digital trust space.”

Digital Trust

What will they do with the funding? The startup seeks to enhance its technology, forge partnerships and attract talent. More specifically, it aims to strengthen its technical infrastructure to facilitate scaling with agility and efficiency. It also aims to further strengthen its integrated auto scaling system with global grade security protocols.

 Furthermore, it aims to frame itself as a significant provider of secure and legally recognized digital signature solutions.

In addition, it aims to scale its service offerings, strengthen its market presence and innovate across the digital trust space.

“This investment comes at a pivotal time as Saudi Arabia witnesses a transformative shift in the digital trust landscape,” said Abdullah Allahuo, Co-Founder and CEO of Sadq. 

Who are they? Founded in 2022, by Abdullah Allahuo and Salem Al-Badawi, Sadq is a platform for digital signatures and integrated workflow authentication solutions.