• Saudi-based Stream raised USD 4M in seed funding led by Outliers VC, with participation from BYLD Ventures and angels.
• The platform helps MENA businesses automate billing and payments, offering flexible options, visibility, and control over recurring transactions.
• Stream plans to use the funds to scale operations, enhance compliance, and expand payment infrastructure across the region.

Stream

Saudi-based Stream, raised USD 4 million in a seed funding round. The round was led by  Outliers VC with participation from BYLD Ventures and angel investors such as Abdullah Elyas, Co-founder of Careem.

Looking forward, with the funding it aims to scale its mission to remove friction from getting paid. It also aims to accelerate its product development in engineering, compliance, payment capabilities and overall user experience. Additionally, it seeks to strengthen its internal systems to support its growing subscriber base.

“Most of the world’s innovation in payments has focused on how people spend. We’re focused on how businesses get paid. This round helps us build the tools and infrastructure that make that as easy in MENA as it is anywhere else,” said Ibrahim Aldlagan, Founder & CEO of Stream.

Payments 

Founded in 2024 by Ibrahim Aldlaigan, Stream is a platform powering modern billing for businesses. It seeks to transform how businesses across several sectors in MENA bill and collect payments from customers. It manages and automates the entire payment lifecycle from issuing branded app-free invoices to scheduling payments. This is with flexible options, collection through local rails, cash flow visibility, reconciliation and record keeping. 

Even though the majority of payments are now online, recurring payments such as tuition, fees, rent and subscription through manual or semi manual processes. Thus, Stream is focusing on tackling this gap.

“Most businesses in Saudi Arabia and the region still collect everything upfront because they lack the systems to bill over time. Stream gives them structure and control; a business defines how and when payments happen – one-time, recurring or in parts – and we handle the rest. It’s about making payments predictable, flexible, and connected to the real flow of services,” said Ibrahim Aldlagan, Founder & CEO of Stream.