Stream has secured $4m in seed funding to accelerate its mission of removing friction from business transactions.
According to Wamda, the funding round was led by early-stage investor Outliers VC, with participation from BYLD Ventures and prominent angel investors, including Careem co-founder Abdullah Elyas.
Founded in 2024 by Ibrahim Aldlaigan, Stream reimagines how companies in MENA manage billing and payments. The platform automates the full payment lifecycle, from issuing branded, app-free invoices to scheduling payments, managing collections through local rails, and maintaining real-time visibility into cash flow and reconciliation.
Stream plans to use the new capital to enhance its product development efforts across engineering, compliance, payment capabilities, and user experience. The company will also strengthen its internal infrastructure to support its fast-growing subscriber base.
Initially focused on early childhood education businesses, Stream has expanded its reach into sectors such as school networks and SaaS. Since its launch, the company has achieved 40% month-on-month growth, facilitating millions in payments for thousands of customers, demonstrating the strong demand for digital billing solutions in the region.
According to the Saudi Central Bank’s 2023 Payments Usage Study, the total value of payment transactions in Saudi Arabia reached around $4.8tn, with approximately 70% of retail payments made digitally. However, recurring payments like tuition, rent, and subscriptions still rely heavily on manual processes—a challenge Stream is determined to solve.
Stream CEO and founder Ibrahim Aldlaigan said, “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.”
He added, “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.”
Outliers VC general partner Sarah AlSaleh said, “Stream is built on deep local insight and a clear understanding of how businesses actually operate. Ibrahim brings the rare combination of investor perspective and relentless product execution, which is already reflected in how fast the platform is evolving. Stream is laying the foundation for the next generation of payment infrastructure in the region. We’re proud to back him and the Stream team and partner on the journey to streamline payments.”
BYLD founder Youcef Oudjidane added, “In a short period of time, Ibrahim has built a culture of intensity and technical excellence that attracts top talent and drives the company’s mission to streamline payments and remove friction across MENA. It wouldn’t surprise me if we’re talking about the ‘Stream mafia’ in the years to come.”
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