Drahim

What is Drahim?

Drahim is a licensed financial technology platform based in Riyadh, Saudi Arabia, designed to help individuals manage and grow their finances through Open Banking integration. It consolidates users' bank accounts into one interface, offering real-time expense tracking and automatic categorization of transactions. Leveraging robo-advisory technology, Drahim provides personalized savings and investment recommendations aligned with users' financial goals. The app supports direct investment in diversified, Sharia-compliant portfolios authorized by the Saudi Capital Market Authority, enabling seamless access to local and international markets including the U.S. stock market. Strategic partnerships with fintech and financial institutions enhance its ecosystem, making it a comprehensive personal finance and investment management tool.

Key Features

• Open Banking Integration

  Connects securely with multiple Saudi banks to consolidate all accounts and transactions in one place for comprehensive financial visibility.

• Automated Expense Tracking

  Real-time monitoring and automatic categorization of spending, transfers, and commitments to provide meaningful insights into financial behavior.

• Robo-Advisory Investment

  Generates personalized investment portfolios and savings plans tailored to individual financial goals and risk profiles.

• Direct Investment Access

  Allows users to open investment wallets and invest directly in diverse, Sharia-compliant equity funds authorized by Saudi regulatory bodies.

• Strategic Partnerships

  Collaborates with fintech firms, digital wallets, and investment companies to offer integrated financial services and expanded investment opportunities.

Use Cases

• Personal Finance Management : Users can track and analyze their spending habits across multiple bank accounts to make informed financial decisions.
• Automated Savings : The app suggests and manages auto-savings plans that help users grow their money without sacrificing their lifestyle.
• Investment Planning : Individuals receive tailored investment advice and can invest directly in diversified portfolios aligned with their long-term goals.
• Access to Global Markets : Saudi residents can invest in international stocks, including the U.S. market, through seamless integration with global trading platforms.
• Financial Wellness for Saudi Market : Designed specifically for Saudi users, Drahim complies with local regulations and cultural preferences, including Sharia-compliant investment options.

FAQs