Raqamyah Debt Crowdfunding

What Raqamyah Debt Crowdfunding does

Raqamyah is a Saudi Arabian peer-to-peer debt crowdfunding platform licensed by the Saudi Central Bank (SAMA) under license number 67/A/Sh/202301, founded in 2018-2019 and headquartered in Riyadh. The platform connects Saudi small and medium enterprises (SMEs) seeking short-term Sharia-compliant financing with individual and qualified investors seeking debt-based returns, with the stated mission of addressing SME cash flow gaps caused by delayed customer payments and limited access to traditional bank credit. The company targets the Saudi Arabian SME market, which the data indicates reached SAR 351.7 billion in bank and financing company facilities in 2024 with 28% annual growth.

The platform's product surface comprises three Sharia-compliant financing instruments for borrowers: Invoice Financing, Inventory Financing, and Purchase Order Financing, with tickets up to SAR 7.5 million and tenors of 3 to 24 months. On the investor side, the platform offers individual investor access starting at SAR 1,000 per opportunity, a separate qualified investor tier (for investors with assets ≥SAR 3 million, financial sector experience, professional certification, or income ≥SAR 600K) with no investment cap, and an Automated Investing tool that distributes capital across opportunities based on investor-defined risk and ticket criteria. Underlying technology includes a digital onboarding and disbursement stack, a Credit Risk Classification System (A+ to C) used to set murabaha rates, and dedicated iOS and Android applications. All financing products are supervised by an independent Sharia committee.

The business model is a transaction-fee marketplace generating revenue from three streams: arrangement fees of 2-5% charged to borrowers on financing, administration fees of 2% annually on outstanding financings, and a rate spread between the 13-18% APR charged to borrowers and the up to 18% gross return paid to investors. As of Q1 2026, the platform has facilitated over 600 million SAR across more than 1,000 financing transactions, served more than 17,000 investors, and reported an overall default rate of 1.94% (A: 1.18%, B: 0.33%, C: 0.43%) and an average annual investor return of 17.04% gross (15.04% net of the 2% administration fee). The go-to-market motion is digital-first, self-serve for both borrowers and investors, with selective sales support for mid-market borrowers; distribution is entirely domestic, executed through the company website and mobile applications.

Name

Raqamyah Debt Crowdfunding

Legal name

رقمية للتمويل الجماعي بالدين

Website

https://raqamyah.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Raqamyah is a SAMA-licensed P2P debt crowdfunding platform connecting Saudi Arabian SMEs with individual and qualified investors. It offers Sharia-compliant invoice, inventory, and purchase order financing up to SAR 7.5 million with 3-24 month tenors.

Ownership category

akta.pro rank

Product category

Debt Crowdfunding Platform

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Loan Brokers (6163), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

Keywords

• Debt crowdfunding
• Peer-to-peer lending
• SME financing
• Sharia-compliant investing
• Alternative finance

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Arrangement Fees (الرسوم الإدارية): Arrangement fees ranging from 2% to 5% of the financing amount, determined based on credit classification, duration, and loan amount. This is charged to borrowers at the time of financing.
2. Administration Fees: Administration fees calculated at 2% annually from financing amounts, deducted upon repayment. This generates recurring revenue from the portfolio of active financings.
3. Interest Rate Spread: Revenue generated from the spread between the financing rate offered to borrowers (13%-18% annual percentage rate) and returns paid to investors (up to 18%).

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Raqamyah operates a SAMA-licensed digital peer-to-peer debt crowdfunding platform that connects Saudi SMEs seeking short-term Sharia-compliant financing (invoice, inventory, and purchase order financing up to SAR 7.5 million) with individual and institutional investors earning returns of up to 18%. The platform enables fully digital borrower onboarding, credit risk classification (A+ to C), investor deal selection, and automated investment distribution, with end-to-end Sharia committee oversight.

Product overview

Raqamyah operates as a unified digital debt crowdfunding marketplace offering multiple financing products for SMEs and investment opportunities for individuals. The core platform connects investors with Saudi Arabian small and medium enterprises seeking short-term financing. Three distinct financing products serve borrowers: Invoice Financing (تمويل الفواتير), Inventory Financing (تمويل المخزون), and Purchase Order Financing (تمويل أوامر الشراء), all structured as Shariah-compliant solutions with annual return rates ranging from 13%-18%. The platform also features an Automated Investing tool that enables investors to set criteria-based automatic investment distribution. The platform is regulated by the Saudi Central Bank under license number 67/أ ش/202301 and offers funding amounts up to SAR 7,500,000 with repayment periods of 3 to 24 months.

Differentiator

Problem solved

Functional benefit

Products and services

• Debt Crowdfunding Platform (منصة التمويل الجماعي بالدين) SAMA-licensed digital peer-to-peer debt crowdfunding marketplace that connects Saudi SMEs seeking short-term Sharia-compliant financing with individual and institutional investors, offering returns up to 18% for investors and financing up to SAR 7.5 million for SMEs across 3–24 month tenors.
• Invoice Financing (تمويل الفواتير)
• Inventory Financing (تمويل المخزون)
• Purchase Order Financing (تمويل أوامر الشراء)

Quantifiable outcome

• Default rate of 1.94% overall (A: 1.18%, B: 0.33%, C: 0.43%)
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Others

• Lean Technologies: Lean Technologies is a Saudi-based open banking infrastructure provider enabling financial data access and payment integrations. It is an adjacent ecosystem participant that supports fintech lenders like Raqamyah with account aggregation and credit decisioning data.

Direct peers

• Lendo: Lendo is a Saudi Arabia-based SAMA-licensed P2P lending platform connecting SMEs with investors. It is the closest direct competitor to Raqamyah, operating the same Sharia-compliant debt crowdfunding model in the same Saudi market with similar target customer segments.
• Yulud: Yulud is a UAE-based P2P lending platform focused on personal and SME debt. It is directly comparable to Raqamyah as a regional peer operating a similar P2P debt crowdfunding model with Sharia-compliant offerings in the GCC.
• Manafa Capital: Manafa is a SAMA-licensed Saudi fintech offering P2P debt-based financing to SMEs. It directly competes with Raqamyah in the same Saudi SME debt crowdfunding market with comparable product offerings and regulatory positioning.

Broad incumbents

• Al Rajhi Bank: Al Rajhi Bank is Saudi Arabia's largest Islamic bank with extensive SME financing operations. It represents the incumbent competitive threat to Raqamyah, offering Sharia-compliant SME credit products with significantly larger balance sheet and branch network.
• Derayah Financial: Derayah is a Saudi CMA-licensed investment platform and brokerage offering Sharia-compliant investment products. It is a broader incumbent serving Saudi retail and institutional investors with adjacent investment and asset management services that overlap with Raqamyah's investor-facing side.

Regional players

• Beehive: Beehive is a UAE-based P2P lending platform regulated by the DFSA that funds SME debt. It is a regional comparable operating the same P2P debt crowdfunding model in a neighboring GCC market, offering a benchmark for Raqamyah's potential regional expansion.
• Multiply (Piqlet): Multiply is a Bahrain-based P2P lending platform regulated by the CB Bahrain. It serves as a regional peer operating a similar P2P SME debt model with regulatory backing in the GCC, comparable to Raqamyah's Saudi positioning.
• Funding Souq (now Sarwa): Funding Souq was a UAE-based P2P lending marketplace for SMEs, later acquired by Sarwa. It is regionally comparable to Raqamyah as a MENA P2P debt crowdfunding platform serving SMEs with similar Sharia-aligned offerings.
• Mod5r (previously Mounassati): Mod5r (formerly Mounassati) is a Saudi P2P real estate investment platform. It is a regional peer in the broader Saudi SAMA-licensed crowdfunding ecosystem, sharing regulatory framework and investor base characteristics with Raqamyah despite serving a different asset class.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/raqamyah

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Raqamyah Debt Crowdfunding