Riyadh, Saudi Arabia – LEAP 2025
RasMal, a leading fintech company specializing in digital investment management, has successfully raised $4.8 million (SAR 18 million) in a Pre-Series A investment round. The funding was led by Syndicate Element Holding Group (SHG) and announced at LEAP 2025 in Riyadh.
The latest investment will enhance RasMal’s technology-driven platform, equipping it with advanced AI tools and services to streamline fundraising and equity transfer processes. This initiative aligns with Saudi Vision 2030’s broader objective of fostering a digitally empowered financial ecosystem and strengthening Saudi Arabia’s role as a regional leader in fintech innovation.
Driving AI-Powered Investment Governance
Founded in 2019 by Basil Al-Kuraya, Nasser Al-Tamimi, and Salem Al-Juwaini, RasMal provides private companies with automated solutions for cap table management, fundraising, and equity transfers. The platform also enables investors and private funds to efficiently manage investment opportunities and investor relations.
RasMal’s suite of services includes:
- Automated cap table management and employee equity tracking
- Scenario modeling for investment rounds
- AI-powered company valuation tools
- Cloud-based data rooms
- Automated legal documentation to enhance transparency and efficiency
Pentugram: Strengthening Investment Transparency
RasMal also fully owns Pentugram, an investment management and investor relations platform designed for angel investors, venture capital funds, and startup accelerators. Pentugram aims to foster greater transparency within the investment ecosystem by providing robust governance and tracking solutions.
Backed by Saudi Arabia’s Unicorn Program
RasMal is part of Saudi Arabia’s Unicorn Program, an initiative launched by Misk Foundation, the Ministry of Communications and Information Technology, and the National Technology Development Program. The program supports high-potential startups and strengthens the entrepreneurial ecosystem in the country.
Strategic Investor and Leadership Insights
Mohammed Abdullah, CEO of SHG, highlighted the importance of this investment, stating:
“Our investment in RasMal marks a significant step toward empowering startups and investors through AI-driven financial governance. By integrating RasMal’s automated cap table management with our investment expertise, we aim to create a more transparent and efficient investment environment.”
Nasser Al-Tamimi, Co-founder of RasMal, emphasized the company’s commitment to financial innovation:
“This investment reflects our dedication to enabling startups and investors with cutting-edge technology solutions that enhance cap table management and investment governance. Through our partnership with SHG, we will accelerate automation in fundraising and equity transfers, adding significant value to the regional investment landscape.”
With this fresh round of funding, RasMal aims to revolutionize the financial sector through AI-driven solutions, reinforcing Saudi Arabia’s fintech ecosystem in line with Vision 2030.
