Stride Ventures Commits $200M to Saudi Arabia Fintech Expansion

Stride Ventures, a venture debt firm, has announced its expansion into Saudi Arabia, with plans to deploy $200 million over the next two years. This strategic move aims to leverage the Kingdom's ongoing efforts to diversify its financing sources. The firm has already initiated its regional investment activities, recently leading a funding round for Erad, a Saudi fintech company. This transaction represents Stride's inaugural investment in the Saudi market and its first fintech venture in the Middle East. This expansion into Saudi Arabia complements Stride Ventures' established global presence, where it has already provided over $1 billion in credit across India, Southeast Asia, and the United Kingdom.