Rewaa has announced the closing of a $45 million Series B funding round, led by Wa’ed Ventures, Idrisi Ventures, and Unity Ventures.
The round saw participation from Vision Ventures, RZM Investments, Sedco Capital, Saned Partners, Palm Ventures, and Abdulrahman Saleh Al-Rajhi & Sons Company.
The funding will support Rewaa’s expansion strategy by accelerating the development of AI-powered smart operating technologies aimed at simplifying business management for small and medium-sized enterprises, while strengthening support for retailers across Saudi Arabia.
Founded in 2018 by Mohammed Al-Qusair and Abdullah Al-Jadhai, Rewaa provides point-of-sale and cloud-based solutions that unify operational and financial processes for merchants. Its platform integrates accounting, inventory management, and POS systems, enabling real-time synchronisation across physical stores and online warehouses.
This Series B follows a $27 million Series A round completed two years ago, which supported Rewaa’s rapid growth, expansion of its merchant base, and the digitisation of its operational processes.
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.
