Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Thursday, September 4
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Acquisitions»RasMal acquires cloud-based SaaS tool Pentugram, expanding its investment solutions in MENA Region

    RasMal acquires cloud-based SaaS tool Pentugram, expanding its investment solutions in MENA Region

    0
    By Tapiwa Matthew Mutisi on March 11, 2024 Acquisitions, Business, Cloud Based Service, Entrepreneurship, Investments, News, Report, Technology

    RasMal, a Saudi-based equity management platform, has acquired Pentugram, a cloud-based software as a service (SaaS) tool that automates investment processes for investors. The financial details of the deal have not been disclosed. With this acquisition, RasMal aims to strengthen its commitment to supporting the entrepreneurial ecosystem and simplifying fundraising and investment processes in the Middle East and North Africa (MENA) region.

    Post acquisition, RasMal plans to utilize the Pentugram platform to offer investors and fund managers comprehensive solutions for portfolio management, deal sourcing, and other services. In return, users of Pentugram will gain complete access to RasMal’s services.

    Pentugram was established in 2018 by Hasan J. Zainal, co-founder and managing partner of Arzan VC, and Miled Elias. It operates as a regional cloud-based SaaS platform that eases investment processes for venture capital, angel investors, private equity, and financial advisors.

    Pentugram’s platform automates the entire investment process, starting from deal sourcing to portfolio management, while also offering limited partners effortless reporting capabilities. The company claims to have a considerable client base that primarily includes venture capitalists across the MENA region.

    Established in 2019 by Basil Alkuraya, Nasser Al-Tamimi, who serves as the Chief Operations Officer (COO), and Salem Aljawini, RasMal has positioned itself as a key player in the business landscape of Saudi Arabia.

    RasMal has established partnerships with numerous local and regional partners by providing its cap table management platform to various businesses. Following the acquisition of Pentugram, RasMal has shifted its focus towards private capital investment management solutions.

    The company’s COO, Al-Tamimi, explained the reason behind the acquisition, stating that both RasMal and Pentugram share the goal of providing suitable solutions to increase efficiency and transparency in the investment landscape of the MENA region.

    As the number of startups and capital firms continue to grow in the regional market, RasMal anticipates that its user-friendly tech solutions will become increasingly crucial for maintaining the sustainability of the ecosystem. Al-Tamimi described the acquisition of RasMal as an “initial foray into expanding its offerings beyond private companies.”

    Co-founder of Pentugram, Zainal, explained that they created the platform specifically for venture capitalists in the region. The aim was to centralize data to augment decision-making throughout the investment process and possibly uncover additional value through future data analysis.

    He expressed his confidence in the platform’s continued growth and the acquisition by RasMal, stating, “I am confident that the platform’s further evolution, coupled with RasMal’s acquisition, will broaden its accessibility to a wider array of asset managers beyond venture capitalists, ultimately leading to enhanced returns for all users.”

    Related

    Business Cloud Based Service Investments MENA Pentugram RasMal SaaS Saudi Arabia software Startups Technology
    Share. Facebook Twitter Pinterest LinkedIn Email
    Tapiwa Matthew Mutisi
    • Facebook
    • X (Twitter)
    • LinkedIn

    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

    Related Posts

    Swedfund appoints Siongo Kisoso as Regional Director for East Africa

    How to tune in to Apple’s ‘Awe Dropping’ event on September 9

    SA edtech startup The Invigilator secures $11 million to accelerate global AI expansion

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.