Saudi B2B Fintech Rakeez Capital Raises $2 Million Seed Round

Saudi Arabia-based B2B fintech startup Rakeez Capital recently finalized a $2 million Seed investment round, with Core Vision Investments leading the investment charge.

Established in 2023 by Saeed Al-Ahmari, Rakeez Capital is carving a niche by providing innovative financing solutions to investors and companies through Sukuk issuance. This investment round marks a milestone for the company, as it paves the way for Rakeez Capital to bolster its offerings and expand its reach in the financial market.

Since its inception, Rakeez Capital has been offering diverse financing options tailored for both investors and companies, with a focus on Sukuk issuance. Sukuk instruments, which offer more flexibility compared to traditional banking finance, are a key area of expertise for Rakeez Capital.

The $2 million infusion of capital will enable Rakeez Capital to further develop its innovative financial solutions and advance its AI technologies, positioning it for growth and broader market exploration.

The total market size for these financial instruments in Saudi Arabia reached approximately SAR 534.72 billion by the end of the third quarter of 2023, marking a growth rate of 5% from the previous quarter. This robust market performance signals a ripe opportunity for Rakeez Capital to make a significant impact.