Saudi startup Stream raises $4 million to fix payments for MENA businesses
- Stream raised $4 million in seed funding led by Outliers VC to simplify payment processes in MENA.
- The startup focuses on automating billing and payment collection for businesses, particularly in sectors like education and SaaS.
- Stream claims a 40% month-on-month growth, processing millions in payments for thousands of customers.
Stream's innovative approach to payment solutions addresses a critical gap in the MENA region's financial infrastructure. By focusing on how businesses get paid rather than how consumers spend, Stream is positioned to capture a significant market share and drive growth in recurring payment solutions. This could potentially transform the payment landscape in the region.
