Raseed, the investment platform for GCC residents enabling access to stock trading in the US market, has raised a $1.1 million (SAR 4.1 million) Pre-Seed round led by Impact46 with participation from Oqal Angel Investors and leading family offices in the region.

Founded in early 2020, Raseed, the go-to platform for Saudi Arabia, UAE, and Bahrain investors, facilitates the process of buying and selling stocks on the US stock markets with its commission-free application. Through Raseed’s seamless registration process, users can join the platform in minutes with no minimum investment requirement. Raseed forged a series of partnerships with leading brokers and verification platforms, to provide secure access to US financial markets and serve as a launchpad towards new investment opportunities.

“Raseed team, led by Abdel Sallam Qatshan, have a wealth of experience in both the financial and technology sectors that fits Raseed’s mission to enable and create wealth for its users. Throughout our interactions with the team, we also see a great entrepreneurial spirit that we believe is essential to navigate the GCC markets and beyond.” Added Mohamed Alnasyan, Senior Analyst from Impact46

Raseed has been fueled by leading regional accelerators and has successfully graduated from Startupbootcamp FinTech in Dubai, UAE, and Flat6Labs in Bahrain.
The fund will be used to support product development, the rollout of new features, scaling to new markets, and increasing Raseed’s user base by offering innovative and advanced investment opportunities.