Stream Raises $5.2M in Seed Extension Led by BECO Capital

The funding will support expansion of Stream’s billing and payments infrastructure across the region.

The round also included STV, Flourish Ventures, Arab Bank, alongside existing investors Outliers and BYLD.

Founded in 2024, Stream provides infrastructure for billing, payments, and post-payment operations, supporting one-off transactions, subscriptions, and instalment plans through a unified platform. The company also integrates with Zakat, Tax and Customs Authority to support tax compliance in Saudi Arabia.

Recent product updates include subscription management APIs for recurring billing and support for Model Context Protocol, which the company described as part of its move toward AI-native payment systems.

“Billing is evolving faster than most businesses realise,” said Ibrahim Aldlaigan, Founder and CEO of Stream. “The demand we’re seeing from customers is clear, so we extended the round to move faster, ship more, and take Stream into its next phase.”

Initially focused on the education sector, the company has since expanded into software-as-a-service and service-led businesses. Stream said it currently processes millions of dollars in payments each month and serves hundreds of businesses across the region.