Saudi Arabian fintech leader RasMal has taken a significant step towards becoming a one-stop shop for private capital management in the Middle East and North Africa (MENA) region with its acquisition of Pentugram. Pentugram is a cloud-based software-as-a-service (SaaS) platform designed to streamline investment workflows for a variety of stakeholders, including venture capitalists (VCs), angel investors, private equity (PE) firms, and financial advisors.
This strategic move strengthens RasMal’s commitment to fostering a robust entrepreneurial ecosystem within MENA. By integrating Pentugram’s functionalities, RasMal will now offer investors and fund managers a comprehensive suite of tools for deal sourcing, portfolio management, and insightful reporting. Conversely, Pentugram users will gain access to RasMal’s established services, creating a more interconnected and efficient investment landscape.
Founded in 2018 by industry veterans Hasan J. Zainal and Miled Elias, Pentugram has established itself as a prominent cloud-based solution provider within the MENA region. Their platform automates the entire investment lifecycle, encompassing deal sourcing, due diligence, portfolio tracking, and investor communication. This automation empowers users to make data-driven decisions and streamline their investment activities.
RasMal, established in 2019, has carved a niche for itself by providing user-friendly cap table management solutions to businesses across Saudi Arabia. Through strategic partnerships with regional players, the company has solidified its position as a key facilitator within the investment landscape.
Nasser Al-Tamimi, RasMal’s COO, emphasized the synergy between the two platforms. He highlighted their shared vision of fostering transparency and efficiency within the MENA investment scene. As the regional startup and investment sectors continue to flourish, RasMal believes its combined offerings will play a critical role in ensuring the ecosystem’s long-term sustainability.
This acquisition marks RasMal’s initial foray into the private capital management space, signifying an exciting new chapter for the company.
