Is This the Next Big Leap in MENA Fintech?
At the recent LEAP 2025 event in Riyadh, RasMal, the first cap table management and investment governance platform in the MENA region, announced the successful close of its Pre-Series A investment round. This US$4.8 million round was led by Syndicate Element Holding Group, a prominent investment firm. The investment is poised to support RasMal's mission of introducing new tools and services to streamline fundraising processes and equity transfers, in line with Saudi Vision 2030's drive to build a cutting-edge, technology-driven financial ecosystem.
For those unfamiliar, RasMal is a Saudi fintech company that offers digital solutions tailored to private companies. These solutions help businesses automate key processes such as cap table management, fundraising, and equity transfers. At the same time, RasMal provides invaluable support to investors and private funds by offering tools for managing investment opportunities and investor relations.
What sets RasMal apart is its comprehensive suite of tools. The platform provides everything from cap table management and employee stock option plans to AI-driven company valuation models, cloud-based data rooms, and automated legal documentation. These features are all designed with one goal in mind—enhancing transparency and operational efficiency in the investment space.
On top of this, RasMal operates Pentugram, a fully owned platform that focuses on deal flow management and investor reporting/relations. Pentugram offers solutions that are specifically aimed at venture capital funds, angel investors, incubators, and accelerators, ensuring that the investment ecosystem operates with greater transparency and efficiency.
This major investment round comes as RasMal solidifies its standing in Saudi Arabia’s fintech space, particularly as part of the Saudi Unicorns Program. This initiative, launched by the Misk Foundation, the Ministry of Communications and Information Technology, and the National Technology Development Program, seeks to drive innovation and create a more efficient investment environment across the kingdom.
Commenting on the investment, Mohammed Abdullah, CEO of SHG, emphasised its importance in driving progress within the investment sector. “Our investment in RasMal is 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 are creating a more transparent and efficient investment ecosystem,” he noted.
Nasser Al-Tamimi, Co-Founder of RasMal, echoed these sentiments, stating: “This investment reflects our commitment to empowering startups and investors with innovative technological solutions that enhance the efficiency of cap table management and investment governance. Through our partnership with SHG, we will accelerate the adoption of automation in fundraising and equity transfers, adding significant value to the investment ecosystem in the region.”
With this partnership, RasMal is poised to make significant strides in advancing fintech solutions within the region. The company’s focus on automation and transparency aligns seamlessly with the broader goals of Saudi Vision 2030, which emphasises technological development as a key driver of economic progress.
The signing of the investment agreement at LEAP Riyadh 2025 underscores Saudi Arabia’s position as a leader in fintech innovation, AI-driven investment governance, and digital financing solutions, further cementing the kingdom’s role in shaping the future of the regional investment landscape.
