Mod5r

Wealth Management Platformmod5r.com

Mod5r is a Riyadh-based fintech founded in 2020 that operates Akasia, a CMA-regulated wealth and asset management platform serving investors in Saudi Arabia under the Financial Technology Laboratory initiative.

Company typePrivate
Founded2020
HeadquartersRiyadh, Saudi Arabia
Headcount11–50
GTM typeB2C
OfferingSoftware

What Mod5r does

Mod5r is a Saudi Arabia-based fintech operator founded in 2020 and headquartered in Riyadh with 11-50 employees. The company operates the Akasia brand, a closed joint-stock company regulated by the Capital Market Authority (CMA) under Saudi Arabia's Financial Technology Laboratory initiative. Akasia is positioned as a unified financial technology platform delivering wealth management and asset management services to investors in the Kingdom, with a website-based distribution channel and organic social presence on LinkedIn, Instagram, and X.

The platform is built around consumer-facing access to regulated investment opportunities in Saudi Arabia. The technology footprint, as disclosed, is limited to a website platform (akasia.com) with no native mobile app and no public API/SDK; core technical components and architecture are not detailed in available source material. No AI/ML features, proprietary models, or data flywheel mechanics are disclosed. Certifications, patents, integrations, and named technology partners are also absent from the data.

The business model relies on fee-based mechanics typical of wealth and asset management (management fees, performance fees, transaction fees), though pricing is not publicly disclosed. GTM is direct-to-consumer and single-geography (Saudi Arabia), supported by organic social channels rather than enterprise sales or partnerships. The company has completed two seed rounds in 2022 (500 Global and Sanabil 500 MENA Seed Accelerator), with leadership comprising CEO Jubran Alshahrani and COO Waleed Almutairi.

Mod5r firmographics

Firmographics

Name: Mod5r
Legal name: Akasia Company (DBA: Akasia/Inc For Financial Technology & Securities Business)
Website: https://mod5r.com
Company type: Private
Founded year: 2020
Operating status: Operating
Headcount range: 11–50 employees
Short description: Mod5r is a Riyadh-based fintech founded in 2020 that operates Akasia, a CMA-regulated wealth and asset management platform serving investors in Saudi Arabia under the Financial Technology Laboratory initiative.
Ownership category
akta.pro rank

Mod5r industry classification

Industry

Product category: Wealth Management Platform
NAICS: Investment Banking and Securities Intermediation (523150), Portfolio Management and Investment Advice (523940)
SIC: Security Brokers, Dealers & Flotation Companies (6211)
akta.pro primary industry: Equity Capital Introduction & Prime Services (FSACAFAK)
akta.pro secondary industry: Prime Brokerage (FSAEACAD)

Keywords

Wealth management platform
Asset management services
Financial technology
Investment advisory
Securities services

Where Mod5r is headquartered

Location

Headquarters

HQ city: Riyadh
HQ country: Saudi Arabia
HQ region: Middle East

Offices1 record

Markets served

Mod5r business model

Business model

GTM type: B2C
Offering type: Software
Cost components: Personnel, Technology or R&D, Operations, Marketing or Sales

Distribution channels1 record

Marketing channels3 records

Mod5r product offering

Product offering

Core offering

Mod5r operates Akasia, a financial technology and securities business regulated by Saudi Arabia's Capital Market Authority (CMA) under the Financial Technology Laboratory initiative. The platform provides individual Saudi investors with digital access to wealth management and securities services to support better financial decisions.

Product overview

Akasia operates as a unified financial technology platform providing wealth management and asset management services. The company is a registered closed joint-stock company in the Kingdom of Saudi Arabia, regulated by The Capital Market Authority (CMA). It offers its services under the Financial Technology Laboratory initiative, combining financial technology services with securities business operations.

Differentiator

Problem solved

Functional benefit

Products and services

Akasia

Companies that use Mod5r

Customer profile

Ideal customer profiles1 record

Mod5r technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Mod5r partnerships and signals

Strategic signal

Recent moves5 records

Expansion highlights5 records

Mod5r competitors and assessment

Company assessment

Broad incumbents

SNB Capital: Saudi National Bank's investment subsidiary; a major CMA-authorised broker-dealer and asset manager. Comparable on core securities and wealth management services within Saudi Arabia.
Riyad Capital: Leading Saudi investment bank and CMA-licensed broker-dealer with brokerage, asset management, and custody. Operates broadly across the same Saudi wealth and securities market Akasia addresses.
NCB Capital (Now SNB Capital): Major Saudi capital markets franchise with full brokerage, asset management, and advisory capabilities. Represents the institutional incumbent benchmark against which emerging Saudi wealth tech platforms compete.
ANB Invest: Arab National Bank's investment arm offering securities brokerage and asset management to Saudi clients. Overlaps with Akasia in regulated Saudi investment services.
Al Rajhi Capital: Investment arm of Al Rajhi Bank offering brokerage, asset management, and wealth management in Saudi Arabia. Largest Saudi incumbent in the same securities and asset management space Akasia targets.

Direct peers

Baraka: MENA retail investment app offering Sharia-compliant portfolios and US stock access. Closely comparable in product (managed portfolios, brokerage), target customer (MENA retail), and regulatory approach (operating under regional licenses).
Sarwa: UAE-headquartered digital wealth management and brokerage platform offering stocks, ETFs, and managed portfolios to retail investors across MENA. Closest direct peer to Mod5r/Akasia in category (regulated digital wealth), technology (app-based investing), and target customer (MENA retail/HNW).
Wahed Invest: Global halal/Islamic-focused robo-advisor and investment platform with strong MENA presence. Directly comparable to Akasia's wealth and asset management proposition, particularly in Sharia-compliant and GCC retail investor targeting.

Emerging players

Nomu: Saudi investment platform offering managed portfolios and brokerage access for retail investors. Comparable emerging Saudi investment platform targeting similar mass-affluent and retail segments.
Lean Technologies: Saudi-based open banking and fintech infrastructure provider. Comparable as fellow Saudi CMA-adjacent fintech operating under evolving regulatory frameworks, though adjacent rather than direct wealth management competition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Mod5r financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Mod5r leadership team

Management profile

Number of profiles

Profiles2 records

Mod5r funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors2 records

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

Mod5r M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Mod5r

What does Mod5r do?

Is Mod5r a public or private company?

Mod5r is a private company. It is classified as venture growth investor backed and is currently operating.

When was Mod5r founded?

Mod5r was founded in 2020. It employs 11 to 50 people.

Where is Mod5r based?

Mod5r is headquartered in Riyadh, Saudi Arabia, in the Middle East region.

Who are Mod5r's main competitors?

Broad incumbents on record are SNB Capital, Riyad Capital, NCB Capital (Now SNB Capital), ANB Invest and Al Rajhi Capital. Direct peers are Baraka, Sarwa and Wahed Invest. Emerging players are Nomu and Lean Technologies.

Does Mod5r have an API?

No public API is recorded for Mod5r.

What industry is Mod5r in?

Mod5r's product category is Wealth Management Platform. Its primary akta.pro industry code is FSACAFAK, Equity Capital Introduction & Prime Services, with a secondary code of FSAEACAD, Prime Brokerage. Its NAICS code is 523150 and its SIC code is 6211.