Riyadh-based fintech Sew has raised $25 million in a Sequence A funding spherical led by Andreessen Horowitz (a16z), marking the Silicon Valley agency’s first funding within the Gulf Cooperation Council (GCC), the corporate mentioned on Wednesday.
The spherical, which brings Sew’s complete funding to $35 million, additionally drew participation from present traders Arbor Ventures, COTU Ventures, Raed Ventures and Saudi Enterprise Capital (SVC).
Sew offers a cloud-native platform designed to function a unified infrastructure layer for monetary establishments, spanning lending, playing cards, funds and ledger techniques. The corporate goals to assist banks and fintechs modernize legacy techniques and allow sooner adoption of synthetic intelligence.
Monetary establishments globally proceed to depend on fragmented infrastructure regardless of heavy spending on digital transformation, making a bottleneck for innovation, notably in deploying AI capabilities, Sew mentioned.
“Monetary establishments globally run on fragmented, legacy infrastructure that ought to have been left behind 20 years in the past,” mentioned founder and CEO Mohamed Oueida. “Now each establishment needs to undertake AI, however AI on prime of damaged infrastructure is a useless finish.”
The corporate reported that greater than $5 billion has been processed on its platform over the previous six months, with buyer numbers rising tenfold in 2025 and income growing twentyfold over the identical interval.
Sew operates throughout the GCC, Africa — together with Egypt and Kenya — and Southeast Asia. Its shoppers embody Raya Financing, LuLu Alternate, Noqodi and Foodics.
Andreessen Horowitz mentioned the funding displays rising demand for contemporary monetary infrastructure in rising markets.
“Monetary establishments are sitting on a long time of infrastructure debt, and that debt is now the one largest impediment to AI adoption,” mentioned Alex Rampell, basic companion at a16z.
Sew mentioned it’s going to use the proceeds to speed up product improvement, broaden throughout the GCC and wider Center East and North Africa area, and develop its international go-to-market operations.
