• Saudi Arabia-based fintech SahmAlgo has raised $1 million in a seed funding round, led by Gharesah Investment.
• Founded in 2022 by Yasser Farha, SahmAlgo offers individual traders and enterprises multi-dimensional analytics covering short-term price estimates, technical signals, news-driven insights and “RadarAlgo” market scanning.
• The new capital will be allocated to expanding AI algorithms, enriching the platform’s data assets and supporting talent acquisition.

Press release:

SahmAlgo, the Saudi-based platform specialising in financial analytics and AI-powered market intelligence, has announced the closure of its $1 million seed round, led by Gharesah Investment. The investment will accelerate the development of SahmAlgo’s advanced AI tools across the Saudi market and the wider region.

The new capital will be allocated to expanding AI algorithms, enriching the platform’s data assets, enhancing system reliability in line with the fast-moving Saudi market, and launching new institutional products with direct integrations for brokers and asset managers. The round will also support talent acquisition and strengthen compliance and governance frameworks.

SahmAlgo aims to deliver transparent, intelligent financial insights through an integrated suite of tools that includes short-term price estimations, technical stock analysis, financial news analytics, and the Algo Radar for real-time market monitoring. These features are offered through a unified interface designed for both retail and institutional investors.

Dr Yasser Farha, co-founder and CEO of SahmAlgo, said the company’s mission is to “empower investors with real-time, intelligent, easy-to-understand insights at a competitive price”. He added that the fresh funding will deepen the firm's AI research, enable the launch of institutional-grade products, and support its ambition to build the most intelligent and trusted financial information source for investors in Saudi Arabia.