About Raqamyah
Raqamyah is a Financial Services company based in Riyadh (Saudi Arabia) founded in 2018 by Ammar Bakheet. Shariah-compliant peer-to-peer financing platform for SMEs is operated. Raqamyah has raised $2.3 million across 2 funding rounds from investors including Impact46, Al Yusr Leasing and Financing and Vision Ventures. Its chief executive, as recorded, is Ammar Bakheet. Its website raqamyah.com draws about 16 thousand monthly visits. Its focus areas include FinTech, Islamic FinTech, Alternative Lending and Online Lenders. Its competitors include Themar and Sukuk.
Company details
Raqamyah was established in 2018 in Riyadh, Saudi Arabia, within the fintech sector. A platform is provided for small and medium-sized businesses to seek Shariah-compliant financing, including working capital, inventory, point-of-sale, and purchase order options. Applications are processed through peer-to-peer connections, with funded amounts disbursed to businesses and repayments managed for investors. Operations focus on compliant financial access in the region.
- Headquarters Riyadh, Saudi Arabia
- Founders Ammar Bakheet
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website raqamyah.com
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$2.3M (USD)
in 2 rounds
- Latest Funding Round$2.3M (USD), Seed
Feb 2021
- InvestorsImpact46
& 3 more
Funding Insights of Raqamyah
Raqamyah has successfully raised a total of $2.3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.3 million completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.3M
- Total Rounds 2
- Last Round Seed — $2.3M
- Investors Count 4
All 2 funding rounds of Raqamyah with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
4 investors in total: 4 institutional.
Investors in Raqamyah
Raqamyah has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Impact46, Al Yusr Leasing and Financing and Vision Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on seed and growth investments | impact46.sa | Riyadh, Saudi Arabia | ||
Venture capital investments are made in promising startups. | 2018 | visionvc.co | Dammam, Saudi Arabia | |
Private equity firm investing in multiple sectors | minvest.sa | Riyadh, Saudi Arabia | ||
Provides automotive leasing and financing services. | 2004 | alyusr.com.sa | Riyadh, Saudi Arabia |
Investor details for Raqamyah
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People of Raqamyah
1 people are tracked at Raqamyah (1 in leadership).
| Name | Role | Group |
|---|---|---|
Ammar Bakheet | Founder & CEO | Leadership |
Complete people profiles for Raqamyah
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Timeline of Raqamyah
3 dated milestones of Raqamyah across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Raqamyah is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $2.3M.
Competitors of Raqamyah
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| themar.sa | 2019 | Jeddah, Saudi Arabia | Serves as a P2P marketplace for point-of-sale financing. | |||
| sukuk.sa | 2020 | Riyadh, Saudi Arabia | Provides a versatile platform for debt financing solutions. |
Detailed competitors of Raqamyah
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Web traffic of Raqamyah
The website of Raqamyah (raqamyah.com) receives about 16.2K visits a month.
- Monthly visits16.2K
▲ 20.7% vs previous month
Websites whose visitors overlap most with Raqamyah. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
manafa.sa | manafa.sa | 100% | #1,680,236 | – | |
| lendo.sa | 98% | 23.9K | #806,475 | View details | |
| fundingsouq.com | 93% | 144.6K | #224,029 | View details | |
| themar.sa | 91% | #3,203,803 | View details | ||
aixinvestment.com | aixinvestment.com | 90% | #1,388,941 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for Raqamyah
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Top companies in Islamic FinTech Solutions
2 companies that operate in the same segment as Raqamyah (Islamic FinTech Solutions) in Saudi Arabia, ranked by their profile score on The Company Check.
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Related news about Raqamyah
Complete news archive for Raqamyah
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Frequently Asked Questions about Raqamyah
Raqamyah was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Raqamyah is headquartered in Riyadh, Saudi Arabia.
Ammar Bakheet is the CEO of Raqamyah, as recorded in our data. They have also founded this company.
Raqamyah is a funded company, having raised a total of $2.3M across 2 funding rounds to date.
Raqamyah was established in 2018 in Riyadh, Saudi Arabia, within the fintech sector. A platform is provided for small and medium-sized businesses to seek Shariah-compliant financing, including working capital, inventory, point-of-sale, and purchase order options. Applications are processed through peer-to-peer connections, with funded amounts disbursed to businesses and repayments managed for investors. Operations focus on compliant financial access in the region.
Raqamyah has 4 investors. Key investors include Impact46, Al Yusr Leasing and Financing, Vision Ventures, and Mad'a Investment.