Riyadh, Saudi Arabia – Rasēd, a Saudi-based fintech specializing in AI-powered financial fraud detection and prevention, has successfully closed its Pre-Seed funding round led by Wa’ed Ventures and SHARE Investment Co., with participation from additional investors.
Founded in 2022 by Dr. Talal Albadrani and Mostafa Al-Salhi, Rasēd is building next-generation fraud detection systems to help financial institutions and fintech companies combat evolving cyber and financial crimes.
Rasēd’s proprietary technology leverages device intelligence, behavioral biometrics, AI-powered detection, and cognitive analysis to proactively identify fraud patterns, predict potential risks, and understand user behavior. This enables organizations to strengthen their risk management frameworks while ensuring seamless, compliant, and secure customer experiences.
The company’s core offerings include a Fraud Detection and Prevention Platform and an Analytical Engine for Post-Incident Analysis and Compliance, designed to help organizations maintain trust and integrity in an increasingly digital financial environment.
By integrating advanced analytics and machine learning, Rasēd aims to redefine how financial institutions detect, prevent, and respond to fraud—positioning itself as a key enabler of secure digital transformation across the MENA region’s financial ecosystem.v
