Raqamyah

Raqamyah is a Riyadh-based debt crowdfunding platform, licensed by the Saudi Central Bank (SAMA), that lets individual and institutional investors finance Saudi small and medium-sized businesses through Shariah-compliant loans. Founded in 2017 by Ammar Bakheet, it has channelled more than SAR 500 million to over 1,000 funded opportunities from a base of 17,000-plus investors, and it raised a $2.3 million pre-Series A led by Impact46 in 2021.