Saudi Arabia-based fintech SahmAlgo has successfully closed a $1 million seed funding round led by Gharesah Investment. The capital injection is set to accelerate the development and expansion of its AI-powered financial intelligence tools across the Saudi market and the broader MENA region.
Democratising Financial Intelligence
Founded in 2022, SahmAlgo aims to empower both individual traders and institutional enterprises by providing transparent and intelligent financial insights. The platform is built on the mission of making sophisticated market analytics accessible and understandable.
Dr Yasser Farha, co-founder and CEO of SahmAlgo, stated that the company’s mission is to “empower investors with real-time, intelligent, easy-to-understand insights at a competitive price”.
He added that the fresh funding will deepen the firm’s AI research, enable the launch of institutional-grade products, and support its ambition to build the most intelligent and trusted financial information source for investors in Saudi Arabia.
Fueling AI-Driven Growth
The new capital will be strategically allocated to several key areas of development. The primary focus will be on expanding SahmAlgo’s advanced AI algorithms and enriching the platform’s proprietary data assets to enhance predictive accuracy.
Funds will also be used to enhance system reliability, support talent acquisition, and strengthen compliance and governance frameworks. A significant portion of the investment is earmarked for launching new institutional products, which will feature direct integrations for brokers and asset managers.
A Unified Platform for Modern Investors
SahmAlgo offers an integrated suite of tools designed to provide a comprehensive market view through a single, unified interface. Key features include multi-dimensional analytics covering short-term price estimates, in-depth technical signals, and real-time financial news analytics.
The platform also includes its proprietary “RadarAlgo,” a market scanning tool that helps users monitor market movements and identify opportunities in real-time, catering to the needs of both retail and institutional investors.
About SahmAlgo
Founded in 2022 by Dr Yasser Farha, SahmAlgo is a Saudi-based financial technology company specialising in financial analytics and AI-powered market intelligence. The platform provides a suite of advanced tools for both retail and institutional investors to make informed decisions in the financial markets.
Source: Wamda
