• Simplified Financial Solutions (SiFi) raised USD 20M A led by Ra’ed Ventures, with global and regional investors joining the round.
• Founded in 2021 by Ahmed Alhakbani, SiFi offers corporate cards, expense automation, and vendor payments in one unified platform.
• The platform helps finance teams control spending, enforce policies, and access real-time visibility through automation, analytics, and integrated payment rails.

Simplified Financial Solutions

Simplified Financial Solutions Company (SiFi) raised USD 20 million in a Series A funding round. The round was led by Ra’ed Ventures and saw participation from QED Investors, Breyer Capital, and MEVP.  It also saw participation from Sanabil Investments, Khawarizmi Ventures, SEEDRA Ventures, Rua Growth Fund, anb capital and Tech Invest Com.

“Our growth is driven by customer obsession. We exist to remove the operational pain finance teams live with, and this funding enables us to keep building practical, high-impact solutions that truly simplify finance,” said H.E. Ahmed Alhakbani, Cofounder and CEO.

Spend Management

Founded in 2021 by Ahmed Alhakbani, SiFi is a spend management platform. It is designed to provide finance teams with seamless control over corporate spending. The platform combines corporate cards, automated expense management, and vendor payments into a single solution. This aims to enable organizations to gain real-time visibility, enforce spending policies, and ultimately simplify finance. 

Through its Saudi-based affiliate, Alhulul Almobassatah Financial Company, SiFi powers a spend management platform. It gives finance teams control through automation, real-time visibility, and advanced analytics. It also gives them access to payment rails that enable instant corporate card issuance and direct vendor payments.