- Saudi Arabia-based fintech MUHIDE has closed a Series A funding round with Asyad Group for an unknown amount.
- Founded in 2023 by Hashim Alhussaini, MUHIDE is dedicated to authenticating and governing B2B trade transactions.
- MUHIDE is working toward building Saudi Arabia’s first unified trade ecosystem, aiming to establish a new benchmark for B2B commerce in the Kingdom.
Press release:
MUHIDE has closed its Series A investment round with Asyad Group at a significant valuation, marking a key milestone in the company’s growth and mission to modernise B2B trade in Saudi Arabia.
The investment supports MUHIDE’s vision of governing and authenticating B2B transactions across the trade ecosystem, improving operational efficiency, transparency, and risk management for businesses operating at scale.
Asyad Group, a Saudi conglomerate with a long-standing presence across equity, real estate, and investments, joins MUHIDE as a strategic partner. Beyond capital, the partnership brings market expertise, institutional credibility, and long-term alignment to support MUHIDE’s next phase of growth.
The newly raised capital will be used to expand MUHIDE’s team, strengthen platform capabilities, and accelerate progress toward its core objective: building Saudi Arabia’s first unified trade ecosystem, setting a new standard for B2B commerce in the Kingdom.