Saudi Arabia – SahmAlgo, a Saudi-based fintech platform specializing in AI-driven financial analytics and market intelligence, has secured $1 million in seed funding, led by Gharesah Investment. The investment marks a significant milestone for the startup as it accelerates its expansion across the Kingdom and the wider region.
Founded in 2022 by Dr. Yasser Farha, SahmAlgo provides individual traders and enterprises with multi-dimensional market analytics, including short-term price estimates, technical indicators, financial news analysis, and its proprietary “RadarAlgo” for real-time market scanning. The platform aims to deliver transparent and actionable insights through an integrated interface designed for both retail and institutional investors.
The newly raised capital will be used to expand the platform’s AI algorithms, enhance data assets, and strengthen system reliability to match the pace of the fast-moving Saudi financial market. SahmAlgo also plans to introduce new institutional products with direct integrations for brokers and asset managers. Additionally, the funding will support talent acquisition and reinforce the company’s compliance and governance frameworks.
Commenting on the announcement, Dr. Yasser Farha, Co-Founder and CEO of SahmAlgo, said the company is on a mission to “empower investors with real-time, intelligent, easy-to-understand insights at a competitive price.” He added that the investment will deepen SahmAlgo’s AI research, accelerate the rollout of institutional-grade products, and help position the firm as the most intelligent and trusted financial information source for investors in Saudi Arabia.
