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Saudi fintech Stream has raised $5.2 million in a seed extension led by BECO Capital, with participation from STV, Flourish Ventures and Arab Bank, alongside existing investors Outliers and BYLD.
The round brings total seed funding to $9.2 million, less than six months after Stream closed its initial $4 million seed led by Outliers with Careem co-founder Abdullah Elyas among the angels.
Founded in 2024 by Ibrahim Aldlaigan, Stream builds billing and payments infrastructure that consolidates invoicing, recurring payments, reconciliation and cash flow tracking into a single platform.
The company first gained traction in early childhood education before expanding into SaaS and service-led businesses, and now processes millions in payments monthly for hundreds of businesses including Atyab and Riyadh Schools Group.
Only 7% of retail transactions in Saudi Arabia are recurring despite 70% being digital, according to the Saudi Central Bank's payments usage study, a gap Stream is built to close.
"Billing is evolving faster than most businesses realise," said Aldlaigan. "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."
BECO Capital founder Dany Farha said the firm's conviction was rooted in backing "a resourceful exceptional founder" building "the billing workflow layer for MENA, an entire new category between payment processing and accounting software with no direct incumbents."
Stream has also shipped subscription management APIs and introduced MCP support as a step toward AI-native payments infrastructure.
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