# Faris AlRashed Alhumaid

> Faris AlRashed Alhumaid is a Series A investor at Oqal (Riyadh) backing FinTech and Restaurants. See 6 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Oqal](https://shizune.co/investors/profile/oqal)
- Location: Riyadh, Saudi Arabia
- Total investments: 6
- Last investment: Aug 2024
- Lead investor: 67%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/faris-alrashed-alhumaid-271b7210/?originalSubdomain=sa
- X (Twitter): http://twitter.com/FarisIRH
- Website: https://x.com/FarisIRH
- Facebook: https://www.facebook.com/faris.i.alrashed

Faris AlRashed Alhumaid is a Series A investor at Oqal in Riyadh focused on FinTech and Restaurants. Faris Alhumaid is based out of Riyadh, Ar Riyad and is the Chief Executive Officer of Sharakah Financial. Faris previously worked at NAL Investment Co Ltd as an Owner. Faris Alhumaid attended King Saud University.

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $5M–$20M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 2 | 33% |
| Restaurants | 2 | 33% |
| Food and Beverage | 2 | 33% |
| Apps | 1 | 17% |
| SaaS | 1 | 17% |

23 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 4 | 67% |
| Seed | 1 | 17% |
| Pre-Seed | 1 | 17% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Saudi Arabia | 3 | 50% |
| United Arab Emirates | 2 | 33% |
| United States | 1 | 17% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Resal | Resal is the regional leader in digital value exchange and alternative payment solutions by creating a comprehensive ecosystem for prepaid gift cards, loyalty, rewards, and payout and spend management | $9M | Series A | Aug 18, 2024 |  |
| Mabaat | Mabaat is an innovative tech operator platform focused on disrupting the short-term rental market. | $2.4M | Seed | Aug 17, 2021 |  |
| KYVE | KYVE is an initiative to store any data stream, with built-in validation. By leveraging the Arweave blockchain. The network is powered by decentralized uploaders and validators. These nodes reside in pools, each pool focusing on archiving a specific data stream. Pools are funded by KYVE tokens. | $1M | Pre-Seed | Jun 28, 2021 |  |
| iKcon | iKcon is a cloud kitchen and food technology company based in the UAE that develops and operates delivery-focused kitchen infrastructure for restaurant and food brands. The company supports businesses with kitchen operations, logistics integration, digital ordering systems, and market expansion services. Its platform is designed to help food brandslaunch or scale delivery operations without investing in traditional dine-in restaurant spaces. iKcon primarily works across the Middle East and North Africa region, serving both local and international restaurant partners. | $20M | Series A | Mar 28, 2021 |  |
| Lendo | Lendo is an alternative lending marketplace that helps digitally finance small and medium-sized enterprises (SMEs) in Saudi Arabia. Lendo was granted the first Crowdlending (debt financing) licensed in Saudi Arabia, and received the Excellence in Finance Leaders Award from FiNext Awards. Lendo’s products and solutions make everyday businessactivities easier, more secure, and more efficient for both investors and borrowers alike. | $7.2M | Series A | Mar 14, 2021 |  |
| Eat App | Eat App is an industry-leading restaurant reservation and table management platform. Eat App provides cloud-based applications to restaurants for increasing efficiency and revenue through real-time restaurant reservations, automation and guest data management and CRM. Eat App is known for helping restaurants save hundreds of hours every monththough host stand optimization and automation, as well as understand their customers through data allowing them to increase loyalty.Eat App counts industry leaders like The Four Season's, The Ritz-Carlton, The Maine Group, Food Fund International and Orange Hospitality as customers. Eat App has raised USD $7.2M to date, including investments from renowned Silicon Valley VC 500 Startups and MEVP, making it one of Forbes 50 Most-Funded Startups In The Middle East. | $5M | Series A | Feb 12, 2020 |  |

6 of 6 investments shown.

## Co-investors
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 2 deals together
- [SEEDRA Ventures](https://shizune.co/investors/profile/seedra) — VC Fund, 2 deals together
- [4SV](https://shizune.co/investors/profile/4sv) — VC Fund, 1 deal together
- [Ad Diriyah Asset Management](https://shizune.co/investors/profile/ad-diriyah-asset-management) — VC Fund, 1 deal together
- [Al Hokair Group](https://shizune.co/investors/profile/al-hokair-group) — VC Fund, 1 deal together
- [AlTouq Group](https://shizune.co/investors/profile/altouq-group) — VC Fund, 1 deal together

## About Oqal

VC Fund · Riyadh, Saudi Arabia

Oqal Group was formed as an endowment group by a group of young businessmen to be a platform that brings together angel investors and emerging entrepreneurs to form partnerships of economic feasibility that raise the welfare of society and enhance the quality of life. It enables the founders of entrepreneurial startups to develop innovative andfast-growing startups in a variety of sectors by providing access to smart capital and experienced angel investors.

2 contacts available at Oqal.

| Name | Title | Profile |
| --- | --- | --- |
| Faris AlRashed Alhumaid | Founder | https://shizune.co/investors/profile/faris-al-rashed |
| Mohamed Al Afif | Member | https://shizune.co/investors/profile/mohamed-al-afif |

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## FAQ

### What does Faris AlRashed Alhumaid invest in?

Faris AlRashed Alhumaid invests primarily in FinTech, Restaurants and Food and Beverage startups, most often at Series A and Seed stage. Most of the 6 investments tracked by Shizune back companies in Saudi Arabia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Faris AlRashed Alhumaid's check size?

Faris AlRashed Alhumaid typically joins rounds of $5M–$20M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Faris AlRashed Alhumaid participates in.

### When did Faris AlRashed Alhumaid last invest?

The most recent investment recorded for Faris AlRashed Alhumaid closed in Aug 2024. Shizune tracks 6 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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