Seed

Series A

Pre-Series A

Riyadh

Discover Fadeed Investment—funding focus, portfolio, and industry expertise. Explore key investor profiles on Lucidity Insights.

Fadeed Investment

Fadeed Investment operates as an investment firm.

Raqamyah

Fintech

Peer-to-peer Lending

Raqamyah is a Sharia-compliant crowdlending platform licensed by the Saudi Central Bank (SAMA) and subject to its supervision and regulation.

Clinicy

Healthcare

Cloud

Hospitals and Health Care

Clinicy is a cloud-based digital hospital information system (HIS) automating patient management processes to elevate the patient experience and drive sustainable growth. 

Our comprehensive solution streamlines and centralizes clinic operations, boosting efficiency, reducing no-shows by up to 78%, reducing overhead costs, and increasing profitability for single and multi-branch clinics across Saudi Arabia.

Saudi-based fintech peer-to-peer (P2P) lending platform, Raqamyah, has secured a $2.3 million investment round led by Impact46 with participation from Vision Ventures, Mad’a Investment, Alyusur Company, Fadeed Investment and several angel investors.

Founded by Ammar Bakheet, Raqamyah operates as part of the Central Bank’s SAMA Sandbox to connect qualified companies seeking different types of financing products with individual and institutional lenders looking for alternative investment with higher murabaha returns.

The new funding will enable the company to meet SAMA’s full licence requirements, invest in technology and talent and facilitate easier access to alternative investment opportunities for investors.

Raqamyah has been growing at a monthly double-digit rate with more than 40 fully-funded loans in one year. It was also the first P2P platform to introduce an automatic lending feature where lenders can choose to set automatic investment options based on their lending criteria.

During the Covid-19 lockdown, the platform expanded from lending to micro enterprises only to small and medium enterprises. It launched a point of sale (POS) lending service in partnership with Skyband, the first POS loan posted in January 2021 was oversubscribed by SAR 2 Million and was fully funded by the automatic lending tool.

Furthermore, the company plans to enhance the credit assessment process by reducing origination cost and improving borrowers’ experience through technology.

According to Bakheet, P2P lending is one of the fastest growing areas in fintech and it is at its early stages in terms of innovation and disruption.

"Prospects of growth for the company considering developments in the fintech scene in Saudi are exciting. We have great faith in Ammar and his team to pave the way in this front,” said Basmah Alsinaidi from Impact46.

“SMEs are one of the main pillars of any economy and the region is no different. SMEs need funding to expand and prosper and Raqamyah is here to support SMEs in their growth journey. We believe Raqamyah’s team is well equipped to lead this space,” said Kais Al Essa, founding partner and CEO of Vision Ventures.

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Funding Deals, by Startup Growth Stage

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Fadeed Investment

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 5 sectors we invest in

Portfolio Companies or Investments

Portfolio Companies
or Investments