RIYADH / LONDON (IT BOLTWISE) – Saudi Arabian startup Rased has successfully closed a pre-seed funding round to further develop its AI-powered fraud detection platform. This technology analyzes behavioral and device signals in real time to block suspicious transactions before they escalate. With the support of Wa’ed Ventures and Shorooq Partners, Rased plans to expand its services beyond Saudi Arabia to the entire Gulf region.
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The Saudi Arabian startup Rased specializes in the development of AI technologies for fraud detection and recently successfully completed a pre-seed financing round. This round was led by investors Wa’ed Ventures and Shorooq Partners. Rased’s platform analyzes behavioral and device signals in real time to identify and block suspicious transactions before they can cause harm. This technology is of particular interest to banks, fintechs and financial institutions as it helps increase the security of financial transactions.
The platform developed by Rased provides a comprehensive fraud case management solution that seamlessly integrates with existing institutional systems. This is made possible by providing APIs and SDKs that support rapid implementation. The platform is designed to comply with the latest regulatory requirements of the Saudi Arabian Central Bank and offers privacy-friendly and audit-ready logging tools.
A key advantage of Rased’s AI models is their ability to continuously learn from user behavior. This reduces the number of false alarms and improves decision accuracy, representing a smart and adaptive approach compared to traditional rule-based systems. This continuous improvement of models ensures that the platform remains at the cutting edge of technology and can adapt to new threats.
Currently, Rased serves clients in Saudi Arabia, but plans to expand its services throughout the Gulf region and beyond. The company’s scalable infrastructure enables it to effectively support digitally oriented companies. With increasing digitalization and the associated increase in cyber threats, the demand for such innovative solutions is expected to continue to increase.
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