Raqamyah
Raqamyah is a SAMA-licensed Riyadh platform that connects Saudi SMEs seeking financing with individual and institutional investors. It raised $2.3 million led by Impact46 in 2021.
Industry: SME crowdlending | Location: Riyadh, Saudi Arabia | Founded: 2018 | Total Funding: USD 2.3M
About Raqamyah
Raqamyah is a Riyadh-based Saudi platform that connects small and medium-sized enterprises that need financing with individual and institutional investors. Its website, read in October 2026, describes it as a crowdfunding platform licensed by the Saudi Central Bank (SAMA) under licence number 67/ش أ/202301, and says all investments and financing are Sharia-compliant and delivered digitally. It gives its registered address as the Al Dugaither Commercial Center in Al Olaya, Riyadh.
Ammar Bakheet founded the company and serves as its chief executive. MENAbytes, reporting in February 2021, said he has more than 20 years of experience in the financial sector. The same report said Raqamyah had taken part in the SAMA regulatory sandbox since July 2019.
For borrowers, the platform offers term, invoice and inventory financing for businesses of up to SAR 5 million, and point of sale financing launched with Skyband. Wamda reported that the first point of sale loan, in January 2021, was oversubscribed by SAR 2 million and was fully funded through the platform's automatic lending tool, which lets investors set criteria so that Raqamyah invests on their behalf. Wamda also said the company moved from micro-enterprise lending to SMEs during the Covid-19 lockdown and had funded more than 40 loans within a year. For investors, the website offers a mobile app on the Apple App Store and Google Play.
On 15 February 2021 the company announced a $2.3 million round led by Impact46, with Vision Ventures, Mad'a Investment, Al Yusr, Fadeed Investment and angel investors taking part, according to Wamda and MENAbytes. Wamda called it a pre-Series A round. The money was meant to help the company meet SAMA's full licence requirements, invest in technology and talent, and expand its products.
The website states that more than SAR 500 million has been invested through the platform by over 17,000 investors across more than 1,000 funded opportunities. These are the company's own undated figures. A TechScoop article of 20 September 2026 lists Raqamyah among names associated with the lending platform Abwab.ai.
Leadership
- Ammar Bakheet, Founder and Chief Executive Officer