Rabeh raises $800,000 Seed round

Rabeh raises $800,000 Seed round

Saudi Arabia-based fintech Rabeh Financial has closed a $800,000 Seed investment round during LEAP 2024, in collaboration with Mjalis Investment Company and several angel investors, valued at $8 million.

Rabeh, which was founded in 2022 by Mohammed Al-Salmi and a group of advisors, improves the experience of trading ownership and knowledge by allowing investors and entrepreneurs to discuss and assess investment ideas using AI and data analysis technology.

With the additional funds, Rabeh plans to increase its presence both inside and outside of the Kingdom of Saudi Arabia.

Source: EntArabi

Rabeh Financial, a Saudi-based company specialising in crowdfunding services and equity exchange, announced during the events of LEAP24 conference, its success in closing a seed funding round of 3 million Saudi Riyals, in collaboration with Mjalis Investment Company and several angel investors, valuing the startup at 30 million Saudi Riyals.

Established in 2022 by Mohammed Al-Salmi and a team of advisors, Rabeh provides services that enable investors and entrepreneurs to easily exchange and evaluate investment opportunities. The company leverages modern data analysis technologies and artificial intelligence to enhance the experience of exchanging ownership and knowledge.

According to the company’s statement, Rabeh aims to create a secondary market for exchanging ownership, knowledge, and consultancy, which will enhance the