Al Rajhi Bank announced it acquired a 65% stake in Drahim, a material change in control and strategic exit event for the company.
SourceWealthFront for Saudi & Middle East
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Saudi fintech and wealth-management app that aggregates bank accounts, categorizes spending, offers automated savings/investing, and now extends into business cash/investment tools; majority-owned by Al Rajhi Bank after its 2024 acquisition.
Primary product
Personal financial management and automated investing app (with a business investment platform for companies)
Founded
2021
Headquarters
King Abdulaziz Road, 7463, Al Nafal District 13312, Riyadh, Saudi Arabia
Team size
11-50 employees
Industry
Financial Services
Sub-industry
Fintech / personal finance management / robo-advisory
Offices
0 jobs at Drahim π°
Check back later for new openings
Business model
Stage
Seed / convertible note
Total raised
$500K
Latest round
Convertible Note Β· Sep 2022
Latest amount
$500K
Sep 2022 Β· Y Combinator
Jun 2022
May 2022 Β· Sanabil Investments via 500 Fund
Leadership
Founder & CEO
Yasser Alshurihi
Co-founder & CFO
Chief Business Officer
Chairman of the Board / Chairperson of the Investment Committee
Head of Business
Fintech-focused team that emphasizes collaboration, innovation, learning, and impact.
Compensation
The careers page publicly advertises competitive salaries and rewards, but no detailed salary bands or equity terms were found.
Benefits
Pricing
0.25% annual management fee for investment portfolios; business pricing was not publicly detailed.
Differentiators
Technology
Customers
Competitors
Estimated revenue
USD 1M-$10M
Estimated monthly visits
36.8K
Traffic estimate as of Jul 2026
Al Rajhi Bank announced it acquired a 65% stake in Drahim, a material change in control and strategic exit event for the company.
SourceDecypha / Sharikat Mubasher Β· May 2026
Regional coverage of Drahim's SAMA open-banking authorization, reiterating its account-information/open-banking focus and the regulatory sandbox path.
Al Rajhi Bank Β· Mar 2026
Official announcement that Drahim received an open banking license from SAMA, enabling official open-banking connectivity across Saudi banks and signaling a new product-expansion phase for individuals and businesses.
Arageek Β· Sep 2025
Coverage of the companyβs B2B push with a new business investment platform aimed at corporate clients.
Incarabia Β· Sep 2024
Third-party coverage of the 65% acquisition, Drahimβs funding history, and its product positioning in financial management and automated investing.
Argaam Β· Sep 2024
Al Rajhi Bank announced a 65% stake acquisition in Drahim and framed it as part of its fintech and regulatory strategy.