## ⚠ Content Warning This report covers topics classified as sensitive (finance). Information is aggregated from public sources for informational purposes only. This is not financial or investment advice. Always do your own research. --- last_verified: "2026-06-02T00:20:34.056Z" --- schema_type: "SoftwareApplication" entity_type: "Mobile Application" app_name: "Raqamyah | رقمية" developer_entity: "Raqamyah Debt Crowdfunding" bundle_id: "org.raqamyah.investor" app_store_id: "6443498463" google_play_id: "com.raqamyah" category: "Finance" primary_platform: "ios" primary_monetization: "Free" offline_capable: false market_region: "US" platforms: "iOS & Android" app_last_updated: "2026-04-08" report_date: "2026-06-02" last_verified: "2026-06-02" report_version: "2.0.6" total_reviews: 10 overall_rating: 2 confidence: "low" confidence_score: 0.5 data_age_days: 0 momentum_velocity: "maintenance" intelligence_version: 5 nemesis: "Kalshi: Trade News & Sports" competitor_count: 11 tags: ["finance", "free", "mobile app", "app review", "app analysis", "saudi", "small", "medium-sized"] canonical_url: "https://marlvel.ai/intel-report/finance/raqamyah" license: "CC-BY-NC 4.0" content_version: "v2" --- # Raqamyah | رقمية App Audit ## TL;DR {#tldr} - **Category**: Finance · Free - **Signal**: Rating 2 > **TL;DR:** Raqamyah | رقمية is a finance app by Raqamyah Debt Crowdfunding, rated 2/5 by 10 users, available on iOS & Android. > > **Marlvel.ai App Intelligence** — Independent analysis. US Market. No publisher influence. > **Key Insight:** Raqamyah | رقمية is a finance app by Raqamyah Debt Crowdfunding. ## Quick Facts | Fact | Value | | :--- | :--- | | **Rating** | 2/5 (10 reviews) | | **Category** | Finance | | **Developer** | Raqamyah Debt Crowdfunding | | **Pricing** | Free | | **Platforms** | iOS & Android | | **Confidence** | Low (0.5/1.0) | | **Data Age** | 0d | ## Metadata & Market Performance - **Publisher:** Raqamyah Debt Crowdfunding - **Category:** Finance - **Target Audience:** Saudi small and medium-sized enterprises and individual investors seeking Sharia-compliant, short-term debt opportunities. - **Platforms:** iOS & Android - **Version Audited:** 2.0.6 - **Audit Date:** 2026-06-02 - **Signal Count:** 10 reviews analyzed - **Confidence:** Low (0.5/1.0) - **App Store ID (iOS):** 6443498463 - **Bundle ID:** org.raqamyah.investor - **Google Play ID:** com.raqamyah - **Performance Trend:** Mixed - **Data Window:** Analysis based on signals collected up to 2026-06-02 ## Executive Snapshot **What it is:** Raqamyah is a debt crowdfunding platform for Saudi SMEs and retail investors, available on iOS and Android. **Why users hire it:** Investors hire the platform for Sharia-compliant debt assets, but the lack of liquidity tools forces them to hold positions until maturity, which limits repeat investment velocity. ## App DNA (Features & Intent) - **[Differentiator] Debt Crowdfunding Marketplace:** Connects SMEs with individual investors for debt financing. - **[Differentiator] Sharia-Compliant Investment:** All solutions reviewed by a Sharia committee. - **[Standard] Digital-First Application:** End-to-end digital process for loan applications. * *User Intent:* Users seek enhanced value through premium features. - **[Standard] Performance Tracking Dashboard:** Provides transparency into investment performance. * *User Intent:* Users seek enhanced value through premium features. ## Market Position {#market-position} Raqamyah operates in the Saudi finance sector with a 2.0-star rating on iOS across 10 reviews. The lack of Android rating activity suggests the platform has yet to achieve meaningful scale outside its core iOS base. ## Monetization Strategy - **Model:** Free - **Tiers:** Free to register as investor or borrower - **Analysis:** Revenue is generated through debt intermediation fees rather than direct user subscription costs. ## SWOT Analysis {#swot} **Core Strengths:** - Saudi Central Bank license functions as a regulatory barrier to entry - Sharia-compliant structure captures the core domestic investor demographic **Critical Frictions:** - 2.0-star rating on iOS indicates poor user satisfaction - Lack of secondary market limits investor liquidity - Zero Android rating activity suggests low platform penetration **Growth Levers:** - Integrate automated credit evaluation to match Forus Financial's speed - Introduce a secondary market to enable early position exits **Market Threats:** - Forus Financial's automated credit tools erode manual process advantages - Regional crowdfunding platforms with secondary markets siphon liquidity ## Recent Changes (v4 → v5) {#recent-changes} The platform has pivoted its strategic focus toward liquidity-enabling features like secondary markets to counter regional competitors, moving away from its previous exclusive focus on authentication stability. **Overall trend**: Mixed **Compared at**: 2026-06-02 ### High-impact changes - **[Shifted] Strategic PM Focus** (positioning) — PM action items shifted from authentication flow rebuilds to secondary market development to address investor liquidity concerns. ### Medium-impact changes - **[Added] Liquidity and Penetration Weaknesses** (swot) — Added 'Lack of secondary market' and 'Zero Android rating activity' as core weaknesses, replacing previous general UX friction concerns. - **[Shifted] Outlook Trend** (positioning) — Outlook trend shifted from 'declining' to 'mixed' as the platform identifies specific competitive gaps against regional rivals. - **[Added] Competitive Threats** (swot) — Added Forus Financial and fonbulucu as direct threats due to their automated credit tools and secondary market liquidity. ## Rivals Landscape {#rivals} > Competitive positioning identified by AI analysis of app features, category, and market signals. ### Raqamyah | رقمية vs Kalshi: Trade News & Sports — Head to Head - **[Kalshi: Trade News & Sports](https://marlvel.ai/intel-report/finance/kalshi-trade-news-sports)** by KalshiEX LLC: Kalshi competes for the same wallet share of retail investors seeking alternative, high-frequency financial instruments outside of traditional equity markets. - **Key differences:** - Offers event-based contracts allowing users to trade on real-world news and political outcomes directly. - Maintains massive scale and high-frequency trading infrastructure that dwarfs Raqamyah’s niche debt-crowdfunding model. - Provides robust API access for power users, whereas Raqamyah remains focused on manual retail investment. - **Where Raqamyah | رقمية wins:** - ✅ Provides Shari’ah-compliant investment opportunities which are essential for the target's core Saudi market. - ✅ Focuses on tangible SME growth financing, offering a clearer social impact narrative for investors. - **Where Kalshi: Trade News & Sports wins:** - ❌ Superior liquidity and trade execution speed through a highly mature, event-driven trading platform. - ❌ Massive user base and brand recognition driven by aggressive marketing and diverse asset classes. - **Verdict:** Raqamyah should double down on its regulatory moat within the Saudi market rather than attempting to compete with Kalshi’s broad, high-velocity trading features. ### Contenders (Strong Challengers) - **[fonbulucu](https://marlvel.ai/intel-report/finance/fonbulucu)** by Global Kitle Fonlama Platformu a.ş.: A regional crowdfunding platform that mirrors Raqamyah’s mission of connecting investors with emerging business opportunities. - Features a secondary market (FUIP) that allows investors to exit positions before the maturity date. - Deep regulatory integration within its home market provides a secure, compliant environment for equity crowdfunding. - **[SMBX](https://marlvel.ai/intel-report/finance/smbx)** by SMBX, Inc.: SMBX operates a similar marketplace model, connecting retail investors directly to small business debt instruments. - Utilizes a bond-based structure that provides investors with predictable, monthly payback schedules and interest. - Low-minimum investment threshold democratizes access to small business debt, lowering the barrier to entry. - **[Bullion Exchanges](https://marlvel.ai/intel-report/finance/bullion-exchanges)** by Bullion Exchange LLC: Competes for the same pool of conservative investors looking for alternative, non-equity assets to preserve capital. - Provides real-time spot price tracking for precious metals, appealing to investors seeking immediate market transparency. - Features a loyalty program (Bullionaire Bucks) that incentivizes repeat purchases and long-term platform retention. - **[Forus Financial](https://marlvel.ai/intel-report/finance/forus-financial)** by Forus: Forus is a direct competitor in the Saudi market, offering a similar Shari’ah-compliant debt crowdfunding marketplace for SMEs. - Integrates automated credit evaluation tools that potentially shorten the loan approval cycle for borrowers. - Employs a multi-product financing structure that offers more flexibility than Raqamyah’s standard debt offerings. ### Peers (What They Do Better) - **[SIP Calculator App](https://marlvel.ai/intel-report/reference/sip-calculator-app)** by Vishal Patel: Provides financial planning tools that serve as a prerequisite for users considering investment platforms like Raqamyah. - Focuses exclusively on SIP and top-up calculations to help users visualize long-term wealth accumulation goals. - Offers personalized fund recommendations based on user-inputted financial targets and risk appetite profiles. - **[Blackbaud MobilePay Terminal](https://marlvel.ai/intel-report/finance/blackbaud-mobilepay-terminal)** by Blackbaud, Inc.: Operates in the financial transaction space, focusing on the infrastructure side of payments and disbursements. - Enables native 'Tap to Pay' functionality on iPhones, streamlining physical payment collection for businesses. - Integrates directly with institutional disbursement systems, providing a seamless backend for non-profit financial management. - **[Finbox - AI Chứng khoán](https://marlvel.ai/intel-report/finance/finbox-ai-chung-khoan)** by Minh Vuong Kieu: Shares the financial services category, focusing on providing investors with analytical tools for better decision-making. - Leverages AI-driven market analysis to provide automated stock recommendations, unlike Raqamyah’s manual debt selection. - Processes large-scale market data to identify trends, catering to active traders rather than passive lenders. - **[AgMarket.Net®](https://marlvel.ai/intel-report/business/agmarket-net)** by AgMarket Consulting, LLC.: Targets the same professional demographic interested in profitability optimization and market data analysis. - Offers specialized profitability optimizer tools tailored specifically for the agricultural sector’s unique financial cycles. - Provides proprietary market intelligence dashboards that help users make data-driven decisions beyond simple lending. ### New Kids on the Block (What's Innovative) - **[Bankrate Mortgage Calculator](https://marlvel.ai/intel-report/utilities/bankrate-mortgage-calculator)** by Muhammad Omar Farooq Shah: Targets the debt-financing segment, specifically helping users calculate the long-term costs of loan obligations. - Provides detailed amortization schedules and balloon payment estimations for users evaluating large debt commitments. - **[Share Market Calculator](https://marlvel.ai/intel-report/finance/share-market-calculator)** by Jaydip Jethva: A new entrant providing utility-based financial tools that attract retail investors to the broader market ecosystem. - Includes specialized position sizer and average cost tools for traders managing complex equity portfolios. ## What's New - **Latest (v2.0.6, 1 months ago):** General bug fixes and performance stability improvements. ## App Momentum (Maintenance) {#momentum} - Last major update April 2026. - No new feature additions reported. > **Cadence:** 2 total versions · 0 majors in last 6 months · 33 days since last update · 2 days avg between updates ## The "So What?" (Strategic Takeaway) {#so-what} Raqamyah | رقمية is an established finance app that is completely free. With a 2/5 rating from 10 reviews, it shows polarized user reception. > **Bottom Line:** Raqamyah secures its position through regulatory compliance, but the lack of liquidity tools and poor user sentiment threaten long-term retention, so the PM must prioritize secondary market development to keep pace with regional competitors. **Best for:** Saudi small and medium-sized enterprises and individual investors seeking Sharia-compliant, short-term debt opportunities. ### PM Action Plan (Next Best Moves) - [ ] [INVEST] [HIGH IMPACT] Ship secondary market for early exits because lack of liquidity is the top competitive disadvantage → increase investor retention — *Competitors like fonbulucu offer secondary markets, creating a churn risk for Raqamyah's locked-in investors.* _(trade-off: deprioritize Pause the performance dashboard UI refresh — liquidity features have a higher impact on investor retention.)_ - [ ] [PIVOT] [MEDIUM IMPACT] Audit onboarding flow because 2.0-star rating suggests high friction for new users → improve conversion — *The 2.0-star rating indicates that the current digital-first process is not meeting user expectations.* _(trade-off: deprioritize Deprioritize new marketing campaigns — fixing the conversion funnel is a prerequisite for paid acquisition.)_ ### Feature Gaps vs Competitors - Secondary market for early exits (available in fonbulucu but absent here) - Automated credit evaluation tools (available in Forus Financial but absent here) ### Outlook: Mixed The regional debt crowdfunding market is shifting toward automated credit and liquidity-focused secondary markets. Raqamyah remains exposed due to its manual processes and lack of exit flexibility, so the platform risks losing market share to Forus Financial and fonbulucu unless it pivots toward these utility-driven features. - 🔴 The 2.0-star rating on iOS indicates that the current digital-first process is failing to satisfy users, which limits organic growth. - ⚪ Recent updates have focused on stability rather than feature expansion, suggesting the platform is currently in maintenance mode. ## Key Metrics Summary | Metric | Value | | :--- | :--- | | Overall Rating | 2/5 | | Total Reviews | 10 | | Confidence | Low | | Pricing Model | Free | | Platforms | iOS & Android | | Key Features | 4 analyzed | | Trend | Mixed | | Outlook | Mixed | ## Competitor Comparison | App | Rating | Sentiment | Developer | | :--- | :--- | :--- | :--- | | **Raqamyah | رقمية** (this app) | 2/5 | N/A | Raqamyah Debt Crowdfunding | | [Kalshi: Trade News & Sports](https://marlvel.ai/intel-report/finance/kalshi-trade-news-sports) | 4.7/5 | Excited | KalshiEX LLC | | [Share Market Calculator](https://marlvel.ai/intel-report/finance/share-market-calculator) | N/A/5 | N/A | Jaydip Jethva | | [Forus Financial](https://marlvel.ai/intel-report/finance/forus-financial) | 1.3/5 | Upset | Forus | | [Bankrate Mortgage Calculator](https://marlvel.ai/intel-report/utilities/bankrate-mortgage-calculator) | N/A/5 | N/A | Muhammad Omar Farooq Shah | | [Blackbaud MobilePay Terminal](https://marlvel.ai/intel-report/finance/blackbaud-mobilepay-terminal) | 2.7/5 | Frustrated | Blackbaud, Inc. | ## Company Profile - **Developer:** Raqamyah Debt Crowdfunding - **Website:** [https://www.raqamyah.com/](https://www.raqamyah.com/) - **Social:** [Instagram](https://www.instagram.com/raqamyahksa) · [Facebook](https://www.facebook.com/raqamyahksa) · [X/Twitter](https://twitter.com/raqamyah) · [LinkedIn](https://www.linkedin.com/company/raqamyah) ## Data Sources & Links - **App Store:** [View on Apple Store](https://apps.apple.com/us/app/raqamyah-%D8%B1%D9%82%D9%85%D9%8A%D8%A9/id6443498463?uo=4) - **Google Play:** [View on Google Play](https://play.google.com/store/apps/details?id=com.raqamyah&hl=en&gl=us) - **Dev Site:** [Official Website](https://www.raqamyah.com/) - **Sources:** Developer website content, About us / company information, App store metadata, User reviews. ## Related Intel Reports - [*Kalshi: Trade News & Sports*](https://marlvel.ai/intel-report/finance/kalshi-trade-news-sports) (KalshiEX LLC) — 4.7/5 Rating | Positive Sentiment - [*Share Market Calculator*](https://marlvel.ai/intel-report/finance/share-market-calculator) (Jaydip Jethva) — N/A Rating | N/A Sentiment - [*Forus Financial*](https://marlvel.ai/intel-report/finance/forus-financial) (Forus) — 1.3/5 Rating | Terrible Sentiment - [*Bankrate Mortgage Calculator*](https://marlvel.ai/intel-report/utilities/bankrate-mortgage-calculator) (Muhammad Omar Farooq Shah) — N/A Rating | N/A Sentiment - [*Blackbaud MobilePay Terminal*](https://marlvel.ai/intel-report/finance/blackbaud-mobilepay-terminal) (Blackbaud, Inc.) — 2.7/5 Rating | Negative Sentiment - [*Finbox - AI Chứng khoán*](https://marlvel.ai/intel-report/finance/finbox-ai-chung-khoan) (Minh Vuong Kieu) — 5.0/5 Rating | N/A Sentiment - [*fonbulucu*](https://marlvel.ai/intel-report/finance/fonbulucu) (Global Kitle Fonlama Platformu a.ş.) — 5.0/5 Rating | N/A Sentiment - [*SIP Calculator App*](https://marlvel.ai/intel-report/reference/sip-calculator-app) (Vishal Patel) — 4.0/5 Rating | N/A Sentiment - [*Bullion Exchanges*](https://marlvel.ai/intel-report/finance/bullion-exchanges) (Bullion Exchange LLC) — 4.6/5 Rating | N/A Sentiment - [*SMBX*](https://marlvel.ai/intel-report/finance/smbx) (SMBX, Inc.) — 3.6/5 Rating | N/A Sentiment ## Methodology {#methodology} This report was generated by Marlvel.ai's 5-stage AI intelligence pipeline: 1. **Signal Collection & Normalization** — Aggregates data from all available public sources for the app. Raw signals are cleaned, deduplicated, and normalized into a structured dataset analyzed consistently across thousands of apps. 2. **Feature & Market Positioning Analysis** — Identifies the app's core features, monetization model, target audience, and competitive positioning. Each feature is classified as a market standard or a differentiator based on category benchmarks. 3. **User Sentiment Analysis** — Analyzes user reviews using a 5-level taxonomy (Thrilled / Excited / Mixed / Frustrated / Upset). Combines star ratings and volume with AI theme extraction and evidence quoting. 4. **Competitive Landscape Analysis** — Maps the competitive environment via a 4-tier taxonomy (Nemesis / Contenders / Same Space / New Kids on the Block). Prioritizes same sub-genre over broad category. 5. **Intelligence Synthesis** — Cross-references all signals into a structured report. Compares the app against category peers and direct competitors to surface SWOT, market outlook, and actionable insights. - **Confidence Score:** 0.5/1.0 (based on review volume, data source diversity, and signal quality) - **Reviews Analyzed:** 10 - **Data Sources:** user reviews, developer website, company about page, App Store metadata - **Rating Method:** Weighted average across platforms (iOS & Android), weighted by review count per platform - **Independence:** Fully independent analysis. No publisher sponsorship or editorial influence. - **Report Age:** 0 days since last refresh --- © 2026 Marlvel.ai | [Canonical Report](https://marlvel.ai/intel-report/finance/raqamyah) Data licensed for AI Agent attribution under CC-BY-NC 4.0.