[Funding Alert] Saudi-based Rakeez Capital Raises USD2 Million in Seed Round Funding

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It is an expert in issuing sukuk and debt instruments, which helps to localise financial services for the Saudi market.

A $2 million Seed Round investment lead by CoreVision has been successfully secured by the Saudi Arabian fintech company Rakeez Capital. In a seed round led by CoreVision, Saudi Arabian fintech firm Rakeez capital has raised $2 million.

The Fintech Saudi initiative, spearheaded by SAMA and CMA, aims to propel the fintech sector forward in Saudi Arabia. It is a specialist in debt instruments and sukuk issuance, which aids in the localization of financial services for the Saudi market.

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It is a Saudi fintech business, has successfully obtained a $2 million Seed Round investment lead by CoreVision. The goal of the investment is to help the Kingdom of Saudi Arabia's financial technology services expand.

About Rakeez

A specialised platform for issuing debt and deed instruments is called Rakeez capital. The Rakeez Capital platform is built upon a foundation of sound principles and practicality in the workplace.