Saudi Arabia-based fintech SahmAlgo has closed a $1 million seed round to accelerate the development of its AI-powered financial intelligence platform. The funding, led by Gharesah Investment, underscores rising demand for advanced analytics tools that can support both retail and institutional investors in the Saudi capital market. With this round, SahmAlgo aims to strengthen its position as a specialist in transparent, data-driven market insights across the region.
Company Background
SahmAlgo is owned by Al-Khwarizmi Information Technology Company and operates as a Saudi-registered entity licensed by the Saudi Exchange (Tadawul) to publish financial information. Founded in 2022 by Yasser Farha, the company emerged commercially after participating in the MVPLab initiative. Since launch, it has focused on building a platform that helps everyday investors and professional users make more informed trading decisions.
Product and Technology
The platform provides an intelligent system that supports daily, weekly, and monthly stock market activities through multi-dimensional analytics. Its toolset includes short-term price estimations, technical signals, news-driven insights, and a market-scanning engine branded as RadarAlgo or Algo Radar for real-time monitoring. By analyzing millions of data points each week, SahmAlgo transforms raw information into structured indicators designed to be actionable rather than purely descriptive.
Making Market Intelligence Accessible
A core part of SahmAlgo’s vision is to make sophisticated financial intelligence accessible to a broad spectrum of investors, including part-time traders. The platform summarizes complex financial and corporate data into easy-to-understand formats so that non-specialists can interpret signals without deep technical expertise. This approach is particularly targeted at individuals who do not have the time or resources to manually sift through large volumes of disclosures, news, and market statistics.
Advanced Analytics and DimensionsAlgo
SahmAlgo distinguishes itself from traditional information providers by deeply integrating data science and information technology into its workflows. It converts historical prices into measures of volatility and price targets, parses financial news to derive sentiment, and uses technical indicators to map emerging trends. Through its DimensionsAlgo feature, the platform offers in-depth views of company status across prices, valuation, financials, management effectiveness, and growth dimensions.
Details of the Seed Round
The $1 million seed round is led by Gharesah Investment, signaling institutional confidence in SahmAlgo’s model and growth potential within Saudi Arabia’s evolving fintech landscape. While the company has not disclosed additional participating investors, the structure of the round is geared toward product scaling rather than short-term profitability. The funding also validates the company’s regulatory positioning as a licensed publisher of financial information in a tightly governed market.
Strategic Use of Funds
SahmAlgo plans to allocate the new capital to expanding its AI algorithms, enriching its underlying data assets, and enhancing system reliability for the fast-moving Saudi market. The company will also develop new institutional-grade products, including direct integrations for brokers and asset managers who require more seamless access to analytics. In parallel, SahmAlgo intends to invest in talent acquisition and strengthen its compliance and governance frameworks to support sustainable, long-term growth.
Position in the Saudi Financial Ecosystem
As Saudi Arabia’s capital markets continue to deepen, tools that can interpret market signals and corporate disclosures are becoming increasingly important for both local and regional investors. SahmAlgo’s integrated interface serves retail traders alongside professional institutions, positioning the platform as a bridging layer between raw market data and actionable insight. By focusing on transparency, intelligence, and accessibility, the company is aligning itself with broader national ambitions to foster advanced financial technology.
The closure of SahmAlgo’s $1 million seed round marks a significant milestone in its journey from MVPLab participant to licensed financial intelligence provider. With fresh capital from Gharesah Investment, the company is set to enhance its AI capabilities, broaden its product suite, and deepen its reach across the Saudi market and beyond. If it executes on its roadmap, SahmAlgo is well placed to become one of the region’s leading platforms for intelligent, investor-focused financial analytics.