Akasia

Active

Formerly Mod5r

Akasia (formerly Mod5r): personal wealth app for net-worth tracking, open-banking account aggregation, goal-based saving and robo-advisory investing

Riyadh, Saudi ArabiaFounded 2020

Fintech

Seed

Website LinkedIn Crunchbase

Mod5r, now branded Akasia, is a Saudi personal-finance and wealth app. It links users' accounts via open banking, tracks net worth and budgets, and offers automated recurring investing through a CMA Fintech Lab robo-advisory entity. SAMA admitted Mod5r to its regulatory sandbox for open-banking services in September 2022. The iOS app, published by Wealth & Savings Technology Company (WSTCO), was still being updated in May 2026.

Founders

Jubran Alshahrani

Founder

Funding Rounds

SeedNov 2022

Lead: Sanabil Investments / 500 Global

Investors: Sanabil Investments, 500 Global

Investors: Sanabil Investments, 500 Global.

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