Acquisition
Sep 2024Al 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
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
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
Riyadh, Saudi Arabia
Business model
B2C fintech app
B2B financial management platform
assets-under-management fee model
Funding
Stage
Seed / convertible note
Total raised
$500K
Latest round
Convertible Note · Sep 2022
Latest amount
$500K
Sep 2022 · Y Combinator
Jun 2022
May 2022 · Sanabil Investments via 500 Fund
People & investors
Leadership
Founder & CEO
Yasser Alshurihi
Co-founder & CFO
Chief Business Officer
Chairman of the Board / Chairperson of the Investment Committee
Head of Business
Work & culture
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
competitive salaries
health insurance
rewards
continuous learning
clear career progression
collaborative/open environment
Product & market
Pricing
0.25% annual management fee for investment portfolios; business pricing was not publicly detailed.
Differentiators
- —Saudi regulatory coverage under SAMA and CMA
- —Sharia-compliant investing
- —automatic bank-account aggregation and transaction categorization
- —automated savings and low-risk investing recommendations
- —business cash and investment tools with daily liquidity
- —majority acquisition by Al Rajhi Bank
Technology
Cloudflare Web Optimizations
Cloudflare CDN
Apple iCloud Mail
Google Fonts API
jQuery
PWA
Priority Hints
HTTP/3
Customers
individual consumers in Saudi Arabia and the Middle East
businesses and corporate clients
small and medium-sized enterprises
Competitors
Sav
Lune
Hakbah
Kestrl
Banksalad
Wafeer
Fiskal
TWIG
Acorns
Betterment
Scale & contact
Estimated revenue
USD 1M-$10M
Estimated monthly visits
36.8K
Traffic estimate as of Jul 2026
Signals & risks
Latest news
Decypha / Sharikat Mubasher · 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 · 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 · Sep 2025
Coverage of the company’s B2B push with a new business investment platform aimed at corporate clients.
Incarabia · Sep 2024
Third-party coverage of the 65% acquisition, Drahim’s funding history, and its product positioning in financial management and automated investing.
Argaam · Sep 2024
Al Rajhi Bank announced a 65% stake acquisition in Drahim and framed it as part of its fintech and regulatory strategy.
Jobs and careers at Drahim 💰
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