Raqamyah Platform for Information Technology

Based in Riyadh, Saudi Arabia and founded in 2018, Raqamyah Platform for Information Technology provides a digital lending platform that helps small and medium enterprises to raise capital funding from investors, such as institutions and individuals, by submitting funding applications online. In February 2021, the company raised its latest seed funding from Impact46, Fadeed Investment, Mad'a Investment and Vision Ventures. Raqamyah Platform for Information Technology allows small and medium enterprises to submit online funding applications, enabling investors to browse and review approved funding requests. The platform serves as a mediator to investors and businesses.

After selection, investors will then transfer the capital needed, and after utilizing the capital borrowed, businesses will return this funding through the platform. The company's revenue is generated by allowing small and medium enterprises, as well as investors, to use the digital lending platform. The company will get a portion of the payment by establishments to financiers as part of the service.