Riyadh-based fintech company Stream raised USD 4 mn in a seed funding round, according to a press release (pdf) out yesterday. The round was led by Outliers VC and attracted a strong investor base, adding to the firm’s existing backers such as BYLD Ventures and a group of angel investors, including Abdulla Elyas, cofounder of Careem.

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Where will the money go? The company plans to use the funds to expand its product development efforts across engineering, compliance, and payment capabilities, while enhancing its user experience and internal systems to support its growing subscriber base.

About Stream: Founded in 2024 by Ibrahim Aldlaigan (LinkedIn), Stream offers a billing and payments platform designed to help businesses across Saudi Arabia and the wider Mena region streamline how they invoice and collect payments. The platform automates the full payment lifecycle, from issuing branded, app-free invoices to scheduling payments and managing collections through local rails.

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