Raqamyah is a debt crowdfunding platform for Saudi small and medium-sized enterprises and individual investors, operating on iOS and Android.
Product velocity
Maintenance
Daily rank 🇺🇸
—
Finance
Sentiment
2.0
10 reviews
Nemesis
Kalshi: Trade Events & Sports
The App DNA
What makes this app unique?
It removes the physical branch friction from SME financing by providing a digital-only, Sharia-compliant marketplace for debt-based capital flow.
For Saudi small and medium-sized enterprises seeking capital and individual investors looking for Sharia-compliant, short-term investment opportunities.
Key features
Connects Saudi SMEs with individual investors for debt-based financing, facilitating capital flow for transaction-based revenue.
Vetted financing solutions ensure adherence to Islamic financial principles, establishing regulatory trust.
End-to-end digital application process reduces friction, increasing conversion from lead to active participant.
How much does it cost?
Revenue is likely derived from transaction fees on successful financing rounds rather than direct user subscription tiers.
Velocity
Maintenance developmentperformanceopaqueShow more...
Raqamyah currently operates on a maintenance cadence, with only one release identified in the recent window. The latest version, released 114 days ago, focused exclusively on stability and performance improvements rather than new features. Development activity has been stagnant for nearly four months, indicating a focus on basic upkeep rather than active product expansion.
Who built it?
User Sentiment
What do users think recently?
Review voice lately leans frustrated. Users appreciate investment platform provides a diverse range of opportunities for users seeking to grow their capital.
How are ratings & reviews evolving?
What users say, by theme
- Investment platform provides a diverse range of opportunities for users seeking to grow their capital
- Users report significant delays and technical friction when attempting to deposit or withdraw their funds
7 of 7 recent reviews analyzed · limited sample · Frustrated overall
Read the full review analysisUnlock 2 more frustration themes and 1 user request, each backed by review evidence.
Access the full report for freeCompetition
Competitive landscape for Raqamyah | رقمية
How's the Finance market?
Raqamyah maintains a niche position in the Saudi fintech market as a licensed debt crowdfunding intermediary. The current 2-star rating across 10 reviews reflects significant post-update friction that limits the platform's ability to scale against broader financial utilities.
Read the market outlookThe rivals identified
By KalshiEX LLC
Kalshi competes for the same investor wallet by offering event-based financial contracts, representing a modern, speculative alternative to Raqamyah's debt-based crowdfunding model.
- Offers federally regulated prediction markets for event-based outcomes rather than traditional debt-based crowdfunding instruments.
- Provides a robust developer API allowing users to build custom trading strategies and automated workflows.
- Maintains massive scale with over 250,000 ratings, creating a significant network effect and brand authority.
Sporttrade: Prediction MarketsContender
Tradebank MobileContender
RB Gold SpotContender
Mantr JewelsContenderUnlock the head-to-head verdict: where this rival wins, and where it loses.
Access the full report for freeThe Analyst's Read
Key takeaways for Raqamyah | رقمية
Where is it heading?
The Saudi fintech market is consolidating around platforms that provide high-velocity, reliable transaction execution. Raqamyah's maintenance-mode cadence leaves it exposed to rivals that offer superior liquidity and technical stability, meaning the platform will likely see continued user attrition until the core financial friction points are resolved.
- Persistent login and deposit failures post-update erode user trust, which compounds the churn pressure already visible in the low rating.
- Lack of support response regarding failed transactions creates a negative feedback loop that prevents users from resolving account-level issues.
The SWOT
- Saudi Central Bank licensing establishes a regulatory barrier to entry for non-compliant fintech rivals
- Automated support systems could resolve high-frequency complaints regarding failed transaction processing
Next best moves
Rebuild authentication and login flow because login failures are the top-reported post-update friction → restore account access
+ 1 more prioritized moveThe counter-intuitive read
The platform's regulatory moat is currently a liability…
Read the full takeFeature gaps
Automated repayment strategy simulator (available in Madacash Compare but absent here) +1
Since the last report: Technical instability and reports of investment defaults have replaced previous concerns about onboarding friction, resulting in a negative sentiment trend. The platform is now facing critical account-level failures that threaten its core regulatory trust.
Bottom line
Restoring authentication stability and transaction reliability is the only path to retaining the current investor base. Addressing these core financial friction points would unlock the platform's potential as a trusted SME financing bridge, preventing further churn to speculative alternatives.
Unlock 1 critical friction, 1 market threat, 1 more prioritized move and the analyst’s take.
Access the full report for freeSources
- [1] App Store, source
Report last updated