# Drahim

**Source:** https://geo.sig.ai/brands/drahim  
**Vertical:** Finance  
**Subcategory:** General  
**Tier:** Emerging  
**Website:** drahim.com  
**Last Updated:** 2026-04-14

## Summary

Saudi personal finance app acquired by Al Rajhi Bank in June 2024; YC-backed Open Banking aggregator for Saudi consumers serving Vision 2030 financial digitalization market.

## Company Overview

Drahim was a Saudi Arabian personal finance management app providing bank account integration, spending categorization, savings automation, and investment recommendations for Saudi and MENA consumers — addressing the need for a unified financial management tool in a market with multiple banks and limited personal finance software designed for the Saudi regulatory and cultural context. Founded in August 2021 in Riyadh and a Y Combinator S22 graduate, Drahim raised $500,000 in seed funding from YC, Goodwater Capital, and Sanabil Investments before being acquired by Al Rajhi Banking and Investment in June 2024.\n\nDrahim's app connected to multiple Saudi bank accounts through Open Banking APIs (a regulatory framework Saudi Arabia has been developing as part of Vision 2030 financial sector modernization) to provide a holistic view of spending across accounts. The spending insights, savings goals, and investment product recommendations helped Saudi consumers — who have historically had limited personal financial planning tools in Arabic — understand and manage their finances more effectively. The app targeted the growing Saudi professional class with increasing disposable income and interest in wealth building.\n\nThe Al Rajhi acquisition in June 2024 represents a successful exit — Al Rajhi Bank (one of the world's largest Islamic banks and Saudi Arabia's largest bank by market cap) acquired Drahim to integrate its personal finance management capabilities into the bank's digital banking products. The acquisition reflects Saudi banks' strategy of acquiring fintech capabilities rather than building them in-house as they compete to serve the digitally-savvy Saudi population. For the Saudi fintech ecosystem, Drahim's exit validates the opportunity for Arabic-first financial technology built for the GCC market and the attractive acquirer appetite from established regional financial institutions.

## Frequently Asked Questions

### What is Drahim?
Drahim is a Saudi fintech company that provides a financial management app for users in Saudi Arabia and the Middle East. Founded in August 2021 in Riyadh, it offers bank integration, spending insights, automated savings, and investment advice, positioning itself as the WealthFront for the Saudi and Middle Eastern market.

### What products and services does Drahim offer?
Drahim offers a financial management app that integrates with banks to provide spending insights, automated savings features, and investment advice. The platform serves as an automated financial planning tool for personal finance management.

### Who is Drahim's target market?
Drahim targets consumers in Saudi Arabia and the Middle East who need personal finance and financial planning solutions. The company focuses on individuals seeking help with spending tracking, savings, and investment guidance.

### When was Drahim founded and by whom?
Drahim was founded in August 2021 by Sultan Alkhayal and Yasser Alshurihi in Riyadh, Saudi Arabia.

### Where is Drahim located?
Drahim is based in Riyadh, Saudi Arabia. It operates as a 100% Saudi fintech company.

### What funding has Drahim raised?
Drahim raised $500K in seed funding in 2022 from Y Combinator, Goodwater Capital, Sanabil 500 MENA Seed Accelerator, Sanabil Investments, and Techstars. The company participated in Y Combinator's Summer 2022 batch.

### What are Drahim's key achievements?
Drahim was acquired by Al Rajhi Banking and Investment in June 2024, demonstrating a successful exit. The company also participated in Y Combinator Summer 2022 and successfully raised seed funding from prominent investors.

### What technology approach does Drahim use?
Drahim uses an automated platform that integrates with banks to provide financial management services. The app delivers spending insights, automated savings, and investment advice through bank integration technology.

### How can I get started with Drahim?
Based on the available information, specific contact or onboarding details are not provided. Drahim operates as a financial management app for Saudi and Middle Eastern users.

### What is the latest news about Drahim?
Drahim was acquired by Al Rajhi Banking and Investment in June 2024. Prior to the acquisition, the company raised $500K in seed funding in 2022 and participated in Y Combinator's Summer 2022 batch.

## Tags

b2c, fintech, middle-east, startup, mobile-first

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*