Saudi’s RasMal raises $4.8 million pre-Collection A for its cap desk managament software program 

Riyadh-headquartered fintech startup RasMal has raised $4.8 million in a pre-Collection A spherical led by Syndicate Component Holding Group (SHG), it introduced at the moment.

Based in 2019 by Basil Alkuraya and Nasser Al-Tamimi RasMal claims to be the primary cap desk administration and funding governance platform within the MENA area, and gives digital options for personal corporations to automate cap desk administration, fundraising, and fairness transfers.

It additionally presents instruments for managing worker inventory choice plans (ESOP), AI-driven firm valuation modeling, and automatic authorized documentation. The startup operates Pentugram, a wholly-owned platform that gives deal stream administration and investor reporting instruments for enterprise capital funds, angel buyers, incubators, and accelerators. It acquired Pentugram final 12 months.

Nasser Al-Tamimi, co-founder of RasMal, mentioned, “This funding displays our dedication to empowering startups and buyers with modern technological options that improve the effectivity of cap desk administration and funding governance. By our partnership with SHG, we are going to speed up the adoption of automation in fundraising and fairness transfers.”

Mohammed Abdullah, CEO of SHG, mentioned, “Our funding in RasMal is a major step towards empowering startups and buyers by AI-driven monetary governance. By integrating RasMal’s automated cap desk administration with our funding experience, we’re making a extra clear and environment friendly funding ecosystem.”

The contemporary funds can be used to introduce new instruments and companies to streamline fundraising processes and fairness transfers.

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