Leading the Future of Digital Investment in MENA
Saudi-based fintech RasMal has successfully closed a $4.8 million Pre-Series A funding round, led by Syndicate Element Holding Group (SHG). The investment was announced during LEAP 2025 in Riyadh, reinforcing RasMal’s role in shaping the future of digital financial governance in the region.
What is RasMal?
Founded in 2019 by Basil Alkuraya and Nasser Al-Tamimi, RasMal provides automated solutions for cap table management, fundraising, and equity transfers, helping both private companies and investors streamline financial operations.
Its AI-powered platform offers:
- Cap table management
- Employee Stock Option Plans (ESOPs)
- AI-driven company valuation models
- Cloud-based data rooms
- Automated legal documentation
Expanding Saudi Arabia’s Fintech Ecosystem
RasMal plays a crucial role in Saudi Arabia’s Vision 2030, which aims to build a technology-driven financial ecosystem. The company also runs Pentugram, a specialized platform that supports venture capital firms, angel investors, incubators, and accelerators with deal flow management and investor relations tools.
By providing greater transparency and efficiency, RasMal is revolutionizing the way startups, private investors, and financial institutions manage investments and ownership structures.
Strategic Investment for Growth
Mohammed Abdullah, CEO of SHG, emphasized how this investment will empower startups and investors through AI-driven financial governance:
“By integrating RasMal’s automated cap table management with our investment expertise, we are creating a more transparent and efficient investment ecosystem.”
Meanwhile, Nasser Al-Tamimi, Co-Founder of RasMal, highlighted the fintech’s commitment to digital transformation:
“This investment will accelerate the adoption of automation in fundraising and equity transfers. Fintech is the key to advancing the business and investment sector, and we will continue working with our strategic partners to align with Saudi Vision 2030.”
Recognized by the Saudi Unicorns Program
RasMal is a key participant in the Saudi Unicorns Program, an initiative by Misk Foundation, the Ministry of Communications and Information Technology, and the National Technology Development Program. This further solidifies RasMal’s standing as a fintech leader in MENA.
What’s Next for RasMal?
With this funding, RasMal will continue enhancing its platform, introducing new tools to streamline equity transfers and fundraising, and supporting Saudi Arabia’s fintech innovation.
The agreement was officially signed at LEAP Riyadh 2025, positioning Saudi Arabia at the forefront of AI-driven investment governance and digital financing solutions.
