Saudi AI Startup Rasēd Raises Funds for Real-Time Fraud Detection

What happened

Saudi AI startup Rasēd has closed a pre-seed funding round to advance its AI-powered real-time fraud detection platform. The technology analyzes behavioral and device signals within milliseconds to help banks, fintechs, and payment providers detect and prevent digital fraud instantly.

Why it matters

• Rasēd’s platform enables financial institutions to detect fraud proactively, reducing losses before they occur.
• The technology improves user experience by minimizing friction for legitimate users while increasing barriers for fraudsters.
• The funding supports product development, hiring, and market expansion in a growing digital financial ecosystem.

Key facts

1. 1. Rasēd was founded in 2022 by Talal Albadrani and Mostafa Al-Salhi.
2. 2. The pre-seed funding round was led by Wa’ed Ventures and SHARE Investment Co., with undisclosed terms.
3. 3. The platform analyzes behavioral and device signals in real time, scoring transactions within milliseconds.