Rewaa has raised $45 million in its Series B funding round. The round was led by Wa’ed Ventures, Idrisi Ventures, and Unity Ventures.
Other investors who joined the round include Vision Ventures, RZM Investments, Sedco Capital, Saned Partners, Palm Ventures, and Abdulrahman Saleh Al-Rajhi & Sons Company.
The company will use this money to grow its business faster and improve its AI-based smart technology. These tools are made to make business management easier for small and medium businesses, and to provide stronger support to retailers across Saudi Arabia.
Rewaa was started in 2018 by Mohammed Al-Qusair and Abdullah Al-Jadhai. The company offers point-of-sale (POS) and cloud-based tools for shop owners and businesses.
Its platform combines billing, accounting, and inventory management into one system. It helps keep data updated in real time across physical stores and online warehouses.
This Series B funding comes after Rewaa raised $27 million in Series A funding two years ago.
That earlier funding helped the company grow quickly, add more merchants to its platform, and move its business operations to digital systems.
Commenting on the round, Mohammed Al-Qusair, Co-Founder and CEO of Rewaa, said the new capital will accelerate the development of AI-driven operating technologies that help merchants reduce operational effort while improving efficiency and accuracy reinforcing Rewaa’s position as a trusted operating platform for SMEs in the Kingdom.
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