• Saudi fintech SahmAlgo raises USD 1M seed round to scale its AI-powered trading analytics platform for everyday investors and professionals.
• Funding will accelerate AI tool development, expand data assets, and strengthen system reliability as the startup targets growth across Saudi and the region.
• SahmAlgo plans to roll out institutional-grade products for brokers and asset managers while investing in talent, compliance, and advanced AI research.

SahmAlgo

Saudi-based fintech SahmAlgo secured USD 1 million in a seed funding round led by Gharesah Investment.

Founded in 2022 by Yasser Farha, SahmAlgo is a fintech startup that operates an AI powered trading analytics platform. It focuses on building a platform that helps everyday investors and professionals make more informed trading decisions.

It provides a 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. 

Trading Analytics 

Looking forward, with the new funding, it aims to accelerate the development of its AI tools across Saudi and the region. It also aims to expand its AI algorithms, enrich its data assets, and enhance its system reliability. Furthermore, it seeks to develop new institutional grade products including direct interaction for brokers and asset managers. It also intends to invest in acquiring talent and strengthening its compliance and government frameworks. Additionally, it aims to further advance its AI research and support the rollout of its products.

The startup’s core mission is to provide transparent, intelligent financial insights to investors through an integrated suite of tools. This includes short-term price estimations, technical stock analysis, financial news analytics, and its flagship “Algo Radar” for monitoring market movements.

Ultimately, the platform aims to provide all these tools through a unified interface. This interface seeks to serve both retail and institutional investors to ensure seamless access to reliable financial information.