Rasēd Secures Funding to Combat Fraud with AI in Saudi Fintech Push

Editorial Team

Last updated 10-11-2025

2 min

Rasēd, a Riyadh-based startup, focuses on preventing financial fraud for banks and fintechs.

The platform uses AI, behavioural biometrics, and device intelligence to detect suspicious activities.

Funding will enhance Rasēd's data science teams and form partnerships across the GCC.

Their approach aligns with Vision 2030's goal to digitise Saudi Arabia's financial infrastructure.

Rasēd aims to redefine fraud prevention as digital crime evolves rapidly.

Fraud might not be the first thing that comes to mind when thinking about Saudi startups, but Rasēd is making sure it stays at the top of the priority list. The Riyadh-based company, founded in 2022 by Dr Talal Albadrani and Mostafa Al‑Salhi, has just wrapped up its pre‑seed round with backing from Wa’ed Ventures and SHARE Investment Co.—a solid vote of confidence in its promise to make financial fraud prevention a bit less of a faff for banks and fintechs.

Rasēd’s platform blends AI-powered analytics, behavioural biometrics, and device intelligence into a single toolkit that spots dodgy activity in real time. The idea is simple enough: prevent fraud before it drains accounts or damages trust. As someone who’s spent time chatting with founders across MENA through Arageek’s initiatives, I’ve noticed this obsession with “digital trust” becoming a defining theme—there’s real appetite for tech that doesn’t just react but predicts.

According to Albadrani, the company’s goal is to “redefine how financial institutions protect themselves in an era where fraudsters are adapting faster than ever.” Bold words, but I reckon he’s got a point—digital crime is morphing quicker than regulators can respond. On the flip side, algorithms can get a bit over‑zealous and trigger false alarms, which frustrates users. Rasēd says its cognitive AI models tackle that by learning continuously from transaction data, striking a better balance between speed and accuracy.

The funding will help Rasēd beef up its data science and engineering teams while forging new partnerships across the GCC. Al‑Salhi summed it up neatly: financial integrity depends on trust, and trust, in turn, depends on transparency. Spot on.

All this ties back neatly to Saudi Arabia’s Vision 2030 push to digitise its financial infrastructure. Whether Rasēd can become the go‑to fraud prevention engine across MENA remains to be seen, but given the momentum around smarter cybersecurity tools, it wouldn’t surprise me if their next announcement comes sooner than expected. And believe it or not, tackling fraud may yet become one of the Kingdom’s hottest startup frontiers—strange times, you know?

(That said, I’m definately keeping an eye on this one.)

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