Sadq, a Saudi platform specializing in digital signatures and integrated workflow authentication solutions, has raised SAR 5.5 million in a Pre-Series A funding round, according to a press release. The round was led by X by Unifonic Fund, with additional participation from a group of investors and strategic investment from Unifonic.
The investment aims to solidify Sadq’s position in Saudi Arabia’s rapidly growing digital authentication sector. Founded in 2022 by Abdullah Allahuo and Salem Al Badawi, Sadq has quickly established itself as a trusted player in the Kingdom’s digital transformation efforts.
Abdullah Allahuo, Co-Founder and CEO of Sadq, commented, “This investment comes at a critical time as Saudi Arabia undergoes a transformative shift in the digital trust landscape.” He also highlighted that obtaining the Digital Government Authority (DGA) license marked a significant turning point, enhancing the platform’s credibility and the legal standing of digitally signed documents under Saudi Evidence Law, Article 58.
Ayman Hamdan, Founding Partner of X by Unifonic Fund, emphasized the fund’s commitment to driving digital transformation, particularly by supporting B2B SaaS companies that provide essential solutions for evolving markets.
Unifonic CEO and Co-Founder Ahmed Hamdan stated, “This strategic investment reinforces the role of Sadq and Unifonic in shaping Saudi Arabia’s emerging digital trust and identity ecosystem.” He added that through their collaboration, they aim to drive innovation and establish new standards for secure digital transactions across all sectors in the Kingdom.
