Drahim

What Drahim does

Drahim is a Riyadh-based, Sharia-compliant fintech founded in 2021 that operates a mobile-first robo-advisory platform through two legal entities: Drahim Application Company for Financial Technology, licensed by the Saudi Central Bank (SAMA) for open banking and payments, and Drahim Application Company for Investment, licensed by the Capital Market Authority (CMA) for securities investment management. The core retail product, the Drahim app, links users' Saudi bank accounts via open banking, categorizes spending automatically, and invests idle balances into one of five risk-tiered Sharia-compliant portfolios (Savings, Safe, Balanced, High, and Active) backed by 30+ funds from leading Saudi asset managers including Rajhi, Jadwa, Alawwal, and NCB. A premium subscription tier, Drahim Plus (from 21 SAR/month), adds unlimited report history, external investment tracking, fee waivers up to 90,000 SAR, and app customization. Automated zakah calculation and deduction is built into the product flow, addressing a manual pain point for Muslim investors.

The company also operates Drahim Business (business.drahim.sa), a B2B platform offering multi-bank cash visibility, corporate idle-fund investment with daily returns up to 5.1% annually, and instant withdrawals. A 2026-dated Cash Wallet product extends this corporate offering. Drahim monetizes through a 0.25% annual portfolio management fee on invested assets, Drahim Plus subscriptions, and corporate cash management services; no explicit fees are disclosed for the corporate segment. Distribution is self-serve through iOS and Android app stores (4.6-star rating) with a 3-minute onboarding flow and 50 SAR minimum, supplemented by Al Rajhi Bank distribution following its September 2024 acquisition of a 65% controlling stake. The company is part of Y Combinator's Summer 2022 batch.

Name

Drahim

Legal name

Darahim Investment Application Company, a closed joint stock company

Website

https://drahim.sa

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Drahim is a Riyadh-based Sharia-compliant fintech operating a mobile robo-advisory app and a corporate cash management platform, serving Saudi retail investors and SMEs with open banking aggregation, automated investment portfolios, and spending analytics.

Ownership category

akta.pro rank

Product category

Robo-Advisory / Digital Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Direct-to-Consumer Robo-Advisors (Retail Automated Portfolios) (FSAGAEAA)

Keywords

• Robo-advisory platform
• Sharia-compliant investing
• Open banking aggregation
• Personal finance app
• Corporate cash management

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. Subscription Fees (Drahim Plus): Premium subscription service offering unlimited report history, external investment tracking, advanced app customization, early feature access, and monthly commitment tracking. Starts at 21 SAR/month.
2. Investment Management Fees: Portfolio management fees charged on invested assets. Standard fee is 0.25% annually. 0% administrative fees up to 90,000 SAR.
3. Corporate Investment Services: Business segment offering cash portfolio management with daily returns up to 5.1% annually for corporate idle funds, managed alongside major asset managers

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Drahim provides a mobile-first robo-advisory platform that aggregates users' bank accounts via open banking, automatically categorizes spending, and invests idle funds into Sharia-compliant portfolios managed by major Saudi asset managers. It serves individual retail investors (Drahim App) and corporate clients (Drahim Business) with automated cash management, automated zakah calculation, and tiered risk-based portfolios.

Product overview

Drahim operates as a dual-entity fintech platform comprising the Drahim App (for retail personal finance) and Drahim Business (for corporate treasury management). The retail app offers bank account aggregation via Open Banking, automated Sharia-compliant investment across five portfolio risk tiers (Saving, Safe, Balanced, High, and Active), and a premium Drahim Plus subscription. The business platform provides multi-bank account tracking, corporate cash investment, and a Cash Wallet product delivering daily returns. All investment services charge a flat 0.25% annual fee and operate under supervision of a Sharia Committee. The platform holds dual regulatory authorization from the Saudi Central Bank (for payments/open banking) and the Capital Market Authority (for investment management).

Differentiator

Problem solved

Functional benefit

Products and services

• Drahim App (تطبيق دراهم) A personal finance mobile app that links to users' Saudi bank accounts, automatically tracks and categorizes spending, and invests user funds in Sharia-compliant portfolios managed by financial experts. Designed for Saudi retail investors with a SAR 50 minimum investment.
• Drahim Business (دراهم أعمال)

Quantifiable outcome

• Expected annual returns up to 14% on high-risk portfolio
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Saudi Central Bank (SAMA)coreStrategic or Co-development PartnerDrahim holds payments license from Saudi Central Bank (License 35 / م ش م / 1447) enabling open banking services and payment activities under regulatory supervision.
• Capital Market Authority (CMA)coreStrategic or Co-development PartnerDrahim Investment Company holds CMA license (02-25320) for investment management activities in securities, enabling legal operation of robo-advisory services.
• Major Saudi Asset ManagerscoreStrategic or Co-development PartnerDrahim partners with leading Saudi asset managers including Rajhi, Jadwa, Alawwal, and NCB to offer diversified Sharia-compliant investment funds through its platform. The platform invests in over 30+ funds from these managers.
• Saudi Banks (Open Banking)coreTechnology or IntegrationOpen banking integrations with Saudi banks enabling account aggregation, spending tracking, and financial data synchronization across banking relationships.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Wealthfront: Wealthfront is a US-listed direct-to-consumer robo-advisor with automated portfolio management at scale. Comparable to Drahim on the automated retail portfolio model, though it operates in a different regulatory and Sharia framework.
• Betterment: Betterment is one of the largest US robo-advisors, offering automated goal-based portfolios with a similar fee model. Comparable on the digital wealth platform archetype, even though it does not address the MENA/Islamic market.

Direct peers

• Derayah Financial: Derayah is a Saudi CMA-licensed investment platform and one of the largest local robo-advisory players. Cited alongside Drahim among the six major MENA robo-advisory platforms and shares the same Saudi retail/mass-affluent target.
• Wahed Invest: Wahed is a global Sharia-compliant robo-advisor operating across the Middle East, US, UK, and other markets. Comparable to Drahim on the Sharia-compliant automated investing dimension though it serves a wider geography.
• Madkhol Capital: Madkhol Capital is a Saudi robo-advisor providing automated discretionary portfolio management under CMA authorization. Listed alongside Drahim as one of the six major MENA robo-advisory platforms.
• Abyan Capital: Abyan Capital is a Saudi fintech offering automated, Sharia-compliant investment portfolios to retail investors. It is named alongside Drahim as one of the six major MENA robo-advisory platforms.
• Sarwa: Sarwa is a UAE-headquartered robo-advisory platform offering automated investing across MENA with similar portfolio-based, app-first delivery. Directly comparable to Drahim as one of the few scaled robo-advisors serving the Gulf region.
• Tamra Capital: Tamra Capital is a Saudi CMA-regulated robo-advisory firm focused on Sharia-compliant, automated portfolio management. Recognized alongside Drahim and others as a key MENA robo-advisory player.

Emerging players

• StashAway: StashAway is an Asia- and Middle East-focused digital wealth manager offering automated ETF portfolios. Comparable on robo-advisory mechanics, and has historically explored MENA distribution similar to Drahim.

Others

• Al Rajhi Bank (Muraqib / digital wealth): Al Rajhi Bank owns 65% of Drahim and runs its own digital wealth and investment products, making it simultaneously parent, investor, and adjacent competitor for retail investment flows in Saudi Arabia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/getDrahim
• LinkedInlinkedin.com/company/drahim

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors4 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 Drahim