Stream, a payments and billing platform has raised an additional US$5.2 million in seed funding. This comes less than six months after the company completed its first seed funding round, taking its total seed funding to US$9.2 million.
The latest funding round was led by BECO Capital, with support from STV, Flourish Ventures, Arab Bank, and existing investors Outliers and BYLD.
With the new funding, Stream plans to strengthen its position as an important financial technology platform in the region. The company wants to help businesses process payments faster, work more efficiently, and grow more smoothly.
Stream said businesses today need flexible and modern payment solutions because the way companies receive payments is changing very quickly.
Speaking on the seed extension, Ibrahim Aldlaigan, Founder and CEO of Stream, said, “Billing is evolving faster than most businesses realise. As our region is realising its potential, infrastructure needs are changing. Stream is focused on removing any friction that slows or blocks businesses from getting paid. The demand we’re seeing from customers is clear, so we extended the round to move faster, ship more, and take Stream into its next phase.”
Dany Farha, Founder and Managing Partner at BECO Capital, shared, “Our conviction in Stream was rooted in backing a resourceful exceptional founder, Ibrahim, who has deep local payments expertise and sharp product vision. We are excited to support and be part of Stream’s quest to build the billing workflow layer for MENA, an entire new category between payment processing and accounting software with no direct incumbents.”
Sarah Alsaleh, General Partner at Outliers, shared, “Ibrahim and the Stream team hold our deepest conviction. They continue to capture a growing opportunity with precise insight and relentless execution. This is exactly the kind of company that defines markets.”
Founded in 2024 by Ibrahim Aldlaigan, Stream first became popular in the education sector before expanding into SaaS companies and service-based businesses. Today, the company handles millions of dollars in payments every month and supports hundreds of businesses through its platform. It also manages billing for organisations like Atyab and Riyadh Schools Group.
The platform is also attracting many freelancers and independent developers, often called “vibe coders,” who are looking for an easier and smoother way to receive payments.
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