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Sadeq Secures $1.5M Pre-Series A Funding to Boost Digital Authentication in Saudi Arabia

Editorial Team
Editorial Team

2 min

Sadeq, specialising in digital signatures, raised 5.

5 million Saudi Riyals.

The funding was led by Fund X by Unifonic, with strategic investment from Unifonic.

Co-founder Salem Al-Badawi noted it will enhance their technical infrastructure and scale the platform.

Sadeq is set to incorporate advanced technologies, ensuring it remains ahead in digital authentication.

The investment indicates confidence in Sadeq’s vision and the attractiveness of digital solutions in Saudi Arabia.

In a promising step forward for Saudi Arabia's fast-growing digital authentication sector, the start-up Sadeq, which specialises in digital signature solutions and workflow authentication, has successfully closed a Pre-Series A funding round, raising 5.5 million Saudi Riyals.

Leading this funding round was Fund X by Unifonic, accompanied by several other investors, with a strategic injection from Unifonic itself. The newly acquired investment will help bolster Sadeq's technological infrastructure and rapidly expand the capabilities of their platform to meet increasing market demand.

Sadeq's co-founder and Chief Technology Officer Salem Al-Badawi explained to media outlets the significance of this funding, saying, "This round will strengthen our technical infrastructure and allow us to swiftly scale our platform's abilities to match growing demand."

He added that Sadeq is aiming to incorporate advanced technologies, such as automatic scaling systems and state-of-the-art securty protocols, highlighting the company's commitment to staying ahead of the curve in digital authentication.

Founded in 2022 by Abdullah Al-Lahou and Salem Al-Badawi, Sadeq quickly established itself as an influential player in Saudi Arabia's digital transformation scene. Just a year later, in 2023, the company secured a digital trust services licence from the Digital Government Authority (DGA), greatly boosting the legal credibility of its platform and paving the way for broader usage across public and private sectors.

Saudi Arabia has been moving rapidly towards digitising various aspects of its economy, with digital trust and e-signature platforms becoming increasingly important tools for both businesses and government services. As Arageek readers would recognise, such tools offer streamlined, secure, and efficient operational benefits, reducing reliance on traditional paperwork and boosting productivity overall.

It's clear this recent investment highlights growing confidence from backers in Sadeq’s long-term vision, as well as the increasing attractiveness of digital solutions within the region’s rapidly evolving market. Such an endorsement from respected players in the industry sends a positive signal throughout Saudi Arabia’s burgeoning digital economy, setting the stage for even stronger innovations in years to come.

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