- RasMal Closes $4.8 Million Pre-Series A Investment Round to Support AI Technology
- Deal Led by SHG Using Tech-Driven Financing Tools
- Investment Round Aims to Enable AI Adoption in the Region and Enhance Digital Financing
RasMal, a leading fintech company, has successfully closed a $4.8 million (SAR 18 million) Pre-Series A investment round, led by Syndicate Element Holding Group (SHG).
The announcement was made during LEAP 2025 in Riyadh.
This investment aims to enhance RasMal’s platform with new tools and services to streamline fundraising and equity transfer processes, aligning with Saudi Vision 2030’s goal of fostering a technology-driven financial ecosystem.
Further cementing Saudi Arabia’s position as a leader in fintech innovation, AI-powered investment governance, and digital finance solutions in the region.
Founded in 2019 by Basil Al-Kuraya, Nasser Al-Tamimi, and Salem Al-Juwaini, RasMal provides digital solutions that enable private companies to automate cap table management, fundraising, and equity transfers.
The platform also supports investors and private funds in managing investment opportunities and investor relations.
RasMal’s comprehensive suite of services includes:
- Automated cap table management and employee equity tracking.
- Scenario modeling for investment rounds.
- AI-powered company valuation.
- Cloud-based data rooms.
- Automated legal documentation to enhance transparency and operational efficiency.
Pentugram: Enhancing Investment Transparency
In addition to its core services, RasMal fully owns Pentugram, a platform that provides investment management and investor relations tools for angel investors, venture capital funds, and startup accelerators, fostering greater transparency in the investment ecosystem.
RasMal is part of the “Unicorn Program,” an initiative launched by Misk Foundation, the Ministry of Communications and Information Technology, and the National Technology Development Program to support high-potential startups and strengthen the entrepreneurial landscape in Saudi Arabia.
Mohammed Abdullah, CEO of SHG, commented:”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, added: “This investment reflects our commitment to enabling startups and investors with innovative technology solutions that enhance cap table management and investment governance.
Through our partnership with SHG, we will accelerate the adoption of automation in fundraising and equity transfer processes, bringing added value to the regional investment ecosystem.
We believe fintech is the key to advancing the business and investment sectors, and we will work with our strategic partners to drive digital transformation in line with Vision 2030.”
