FlyAkeed lands $25.15M to bring flexible payments to Saudi corporate travel
What's the deal? Saudi corporate-travel platform FlyAkeed has raised 94.3 million SAR ($25.15 million) in growth funding, announced from the main stage at LEAP 2026. The round pairs equity led by Sanabil InvestmentsDealroom has a profile for this one. Try Dealroom → — a firm wholly owned by the Public Investment Fund (PIF)Dealroom has a profile for this one. Try Dealroom → — with a Shariah-compliant Murabaha sukuk financing led by Artal CapitalDealroom has a profile for this one. Try Dealroom →.
Who else is in? Participants include stc groupDealroom has a profile for this one. Try Dealroom →'s corporate venture fund tali venturesDealroom has a profile for this one. Try Dealroom → and Aljazira CapitalDealroom has a profile for this one. Try Dealroom →. SanabilDealroom has a profile for this one. Try Dealroom → and Artal are returning backers.
What's the endgame? Founded in 2015 and based in Riyadh, FlyAkeed offers a single system where employees book flights, hotels, and ground transport within company policy, while finance teams track spend from one dashboard. It serves more than 150 corporate clients, including PIF, MaadenDealroom has a profile for this one. Try Dealroom →, Golf SaudiDealroom has a profile for this one. Try Dealroom →, and National Housing CompanyDealroom has a profile for this one. Try Dealroom →.
Where's the money going? Most of it funds a new embedded deferred payment offering, letting more enterprises settle travel invoices on flexible terms. "Large enterprises don't just want better software; they want better payment terms," said founder and chief executive officer Bassam Almohammadi.
Why now? Business travel in the Kingdom topped $10 billion in 2024 and is projected to roughly double by 2033, driven by giga-projects, global events, and Saudi Arabia's push to become the region's headquarters hub. Yet at most firms, travel still runs on phone calls, email threads, and spreadsheets, leaving finance teams with little visibility and out-of-policy spend.
The signal: The round sits above the median for its category, and its structure is telling. By combining equity with sukuk financing, FlyAkeed and its backers are testing a growth model tailored to the Kingdom's expanding SaaS ecosystem — one that funds a lending product without a purely conventional debt raise.
Read more: saudigazette.com.sa
Image credit: Nick Harris1
