• Saudi startup Rased, specialising in AI-powered fraud detection and prevention, has raised an undisclosed Pre-Seed round led by Wa’ed Ventures and Shorooq Partners, with participation from other investors.
• Founded in 2022 by Talal Al-Badrani and Mustafa Al-Salhi, Rased’s platform detects and prevents digital financial fraud in real time while maintaining system speed and user experience.
• The startup plans to expand across the GCC, capitalising on its scalable infrastructure and regulatory-grade AI technology.

Press release:

Rased, a Saudi-based artificial intelligence (AI) startup specialising in real-time fraud detection and prevention, has announced the closure of its Pre-Seed funding round led by Wa’ed Ventures and Shorooq Partners, with participation from other investors.

Founded in 2022 by Talal Al-Badrani and Mustafa Al-Salhi, Rased provides an AI-powered platform that instantly identifies and prevents digital financial fraud without disrupting user experience or slowing down systems, while fully complying with the latest Saudi Central Bank regulations.

Rased’s technology analyses behavioural and device signals in real time, evaluating them within milliseconds to help banks, fintechs, financial institutions, and regulators block suspicious transactions before they escalate.

The platform also offers a comprehensive fraud case management system, supporting rapid integration with institutional systems through APIs or SDKs. It is built to meet regulatory compliance requirements, featuring privacy-preserving and audit-ready logging tools.

Rased’s AI models continuously learn user behaviour to reduce false positives and improve decision accuracy — providing a more adaptive and intelligent alternative to traditional rule-based systems.

Currently serving clients in Saudi Arabia, Rased aims to expand across the GCC and beyond, leveraging its scalable infrastructure to serve digitally driven enterprises.