Rabeh Financial Secures $800,000 Seed Funding
Rabeh Financial specializes in crowdfunding services and equity exchange.
Saudi-based Rabeh Financial has closed a seed funding round, securing SAR 3 million ($800,000) during LEAP 2024. Collaborating with Mjalis Investment Company and several angel investors, the funding values the startup at SAR 30 million.[1]
Established in 2022 by Mohammed Al-Salmi and a team of advisors, Rabeh Financial specializes in crowdfunding services and equity exchange, facilitating easy exchange and evaluation of investment opportunities for investors and entrepreneurs.
Rabeh Financial's vision includes creating a secondary market for exchanging ownership, knowledge, and consultancy, thereby increasing success rates and reducing risks for investors. The company plans to launch technical features to reach investors within and outside the kingdom, particularly in sectors like real estate, while ensuring a secure, tech-driven environment compliant with regulatory legislation to attract investments and drive sector growth.
Investors in Rabeh Financial, such as Khaled Al-Finjan and Hazem Al-Najjar, discussed the company's mission to integrate financial and real estate tech solutions during LEAP 2024.