FlyAkeed raises $25.15 million in equity and business travel financing for large enterprises

FlyAkeed, the Saudi corporate-travel technology platform, announced Monday from the main stage at LEAP 2026 that it has secured SR94.3 million ($25.15 million) in growth funding.The round pairs an equity investment led by Sanabil Investments – a financial investment company wholly owned by the Public Investment Fund (PIF) – with participation from Artal Capital, alongside stc group's corporate venture capital fund and Aljazira Capital. Artal Capital has also led our Murabaha sukuk financing, a pioneering Shariah-compliant growth financing structure tailored to the Kingdom's expanding SaaS ecosystem.The funding will primarily support a new embedded deferred payment offering that enables a larger segment of enterprises to settle travel invoices with more flexible payment terms. Business travel in the Kingdom has become a board-level cost line: spend exceeded $10 billion in 2024 and is projected to roughly double by 2033, as giga-projects, global events and Saudi Arabia’s rise as the region’s headquarters hub multiplies corporate movement. Yet at most companies, travel remains a manual process that is coordinated across phone calls, email threads and spreadsheets; leaving finance team