← Embedded Finance Index 2026

Raqamyah

“Can a SAMA-licensed Sharia-compliant crowdfunding platform become the default working-capital channel for Saudi SMEs?”

HQRiyadh, Saudi Arabia
IndustryFintech / Lending

The story

Raqamyah is a Saudi debt-based crowdfunding platform connecting retail and qualified investors to Sharia-compliant SME financing. It operates under SAMA license 67/A SH/202301 as a Closed Joint Stock Company (CR 1010449309) based in Riyadh. The product set spans working-capital, inventory, purchase-order, invoice and POS-receivables financing — all structured to be Sharia-compliant under an independent supervisory board. It has facilitated over SAR 500M in financing to date.

Last 12 months

—

Product timeline

2023

Received SAMA license for debt-based crowdfunding (License 67/A SH/202301)· regulatory

2025

Surpassed SAR 500M+ funded, 17,000+ investors, 1,000+ opportunities funded on platform· milestone

Regulated entities

regulatory licence held by Raqamyah

Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.

The stack

1 layer disclosed in Raqamyah’s embedded-finance stack

Lending

Raqamyah (in-house, SAMA-licensed)SME Crowdlending (up to SAR 7.5M, 3–24 months)Inventory FinancingPurchase Order FinancingInvoice FinancingPOS Financing (up to SAR 2M, repayment via % of POS swipes)Working capital financingCapex financing

Accounting gap: none

Raqamyah — frequently asked

Who provides Raqamyah's lending?

Raqamyah's lending and capital products are provided by Raqamyah (in-house, SAMA-licensed).

Where is Raqamyah headquartered?

Raqamyah is headquartered in Riyadh, Saudi Arabia.

Benchmark your own stack

Request an embedded finance strategy assessment

Get a read on where your own stack stands against Raqamyah and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.

Your category, mappedHow your stack compares to Raqamyah and the other companies in its category.
Build vs. buyWhere a provider relationship would close a gap faster than building it.
A named analyst, not a form replyA short call to scope what's actually worth assessing for you.