Private capital · UAE & GCC · العربية والإنجليزية

Raise capital in the Gulf, properly.

Diligence, compliance, cap table, data room and settlement. One platform, four regulators, two languages. A raise that takes four to six months here should take five weeks.

Try the live demo Raise on SoukRaise

Built to the ADGM, DFSA, SCA and Central Bank rulebooks, not adapted from a US one.

Interactive demo · click to try

Series B Financials verified

Marasi Logistics

Supply chain · Dubai · ADGM offer

DiligenceComplete · signed off

Revenue (VAT-verified)AED 41.2m

Raising

Valuation

Minimum ticket

Offer terms are visible only to registered investors whose eligibility has been confirmed. That isn't a paywall, it's the rulebook.

Walk the full investor journey, eight steps, no sign-up. Illustration; not a live offer.

94%of UAE companies are SMEs

50–70%of SME funding applications rejected by banks

4regulators, four definitions of one activity

2languages, on every screen, from day one

For issuers

Drag a folder. Not a form.

You already wrote the deck, the cap table and the financials. Nobody should have to retype them into forty fields.

Drop your documents

Deck, cap table, audited accounts, trade licence, MOA. Arabic or English, in one drop. We read them, extract the fields and show you each answer next to the page it came from. You confirm; you don't type.

~35 minutes to submitted

Get a real answer, fast

Eligibility runs in seconds against the live rulebook. If you don't qualify, we tell you why and what would change it. If you do, the diligence checklist appears already half-complete.

Reasoned, not a maybe

Raise from real capital

Family offices, institutions and qualified investors who have already been verified once and never again. Subscription, escrow, SPV, cap table and distributions all handled in the same place.

Weeks, not quarters

For investors

A marketplace that shows you only what you can legally take

No "trending". No "closing soon". No countdown. Eligibility is resolved before anything renders, so every offer you see is one you can act on.

Growth equity

Ateer Foods

F&B · Sharjah

DiligenceComplete

Terms

Raising

Revenue shareShariah

Nakheel Clinics

Healthcare · Abu Dhabi

DiligenceComplete

Terms

Raising

Convertible

Sahil Robotics

Industrials · Dubai

DiligenceIn review

Terms

Raising

Illustrative interface. Company names are fictional and no live offers are shown. SoukRaise is not yet licensed to operate a platform.

The difference

Verified is not the same as stated

A founder types a revenue number into a deck. Today that number gets read by a junior analyst, retyped into a memo, and eventually believed. Nobody checks it against the filings.

We pull the VAT filings, the e-invoicing records and the accounting ledger, and show both numbers side by side. From January 2027 every large UAE business reports invoice data to the tax authority over Peppol, so verified financials stop being a premium feature and start being the floor.

Our AI reads the corpus, finds the gaps and the contradictions, and drafts the diligence memo against the regulator's own minimum standard. It never renders a view on whether you should invest. That's a licence question, and the answer is that it doesn't and it won't.

Stated in the deck

AED 12.4m

FY24 revenue, as typed by the founder

Verified from filings

AED 9.1m

Reconciled to VAT returns and ledger

The gap is the product. On our screens these two numbers never look alike.

The AI workforce

Every founder gets a deal team. Every investor gets a research office.

Twenty-seven AI specialists work on this platform, run by one orchestrator that decides who answers, what data they may touch, and when a human signs. They introduce themselves as AI, cite their sources, and hand you to a person the moment you ask.

Your deal team

A CEO advisor, a CFO, an investment banker, counsel and compliance assistants, a diligence analyst, a pitch coach, a marketing director and four more. They read your documents once, work from evidence, and answer in English or Arabic.

Included with Raise-Ready

Your research office

An analyst that writes evidence-cited briefs, a portfolio office, risk factor summaries, market intelligence, a modelling specialist, Shariah and ESG expertise. None of them will ever tell you what to buy. That line is structural, not a policy.

Facts, never advice

One orchestrator

Routing is versioned data, not a model's mood. Every answer records its sources, model and prompt version. Specialists collaborate in pipelines behind the scenes, you receive one clear report, and the full trail is kept for the regulator.

AI drafts · code decides · humans sign

The rulebook

The Gulf doesn't have one rulebook. It has four.

Everyone calls it crowdfunding. Onshore, offshore, equity, debt: four separate regulated activities, with four capital bases and four ideas of who may invest. Knowing this cold is the product. Select a regulator.

Positions as at July 2026, stated for orientation only, not legal advice. Sources: Cabinet Resolution 36/2022 (as amended); CBUAE Rulebook; DFSA GEN 2.29 & COB 11; ADGM FSMR Sch. 1 Ch. 17C s.73E & COBS 18.

The founder

We've watched this market get built once already

Ashik Karim

Founder & CEO · Upcapital Global FZCO

The US private markets went from a new exemption to a functioning ecosystem in ten years, and left a decade of hard-won learnings on the floor. As a partner in a licensed broker-dealer in New York, I watched most of it happen. None of that infrastructure transfers to the Gulf, there is no Carta for a DIFC SPV, no standard regional subscription pack, no accreditation utility, no venue for private paper.

So we're building it, with the rulebooks in hand rather than a US template bent to fit. The engineering, AI, design and marketing teams are selected and briefed. What's left is licensing capital and the compliance build that goes with it.

Broker-dealer partner · NYC Prior exit to Deloitte Accenture · Ericsson Development team selected Marketing team selected

Regional expansion

Want SoukRaise in your country?

Saudi, Qatar, Bahrain, Kuwait, Oman: the rulebook changes, the architecture doesn't. Our rules engine holds regulation as versioned data, so a new jurisdiction is a configuration exercise, not a rebuild. If you're a regulator, an exchange, a family office or an operator who wants this in your market, write to the CEO directly.

Direct line ceo@theupcapital.com

Ashik Karim
Founder & CEO, SoukRaise
Upcapital Global FZCO · Dubai

Live before the licence

The issuer suite. Powerful before it's regulated.

Cap table, data room, AI diligence readiness and issuer onboarding are unregulated software, so they don't wait for authorisation. One published schedule, versioned like the rulebook it will one day sit beside: uniform for everyone, grandfathered by effective date, and with no negotiated-discount field anywhere in the database.

Registry

AED 2,000

per month · billed annually AED 20,000

Cap tableEvent-sourced · audit trail on every change

Time travelRegister as of any date

ModellingRounds, dilution, ESOP, vesting

CertificatesBilingual EN · AR

Start with Registry

Data Room

AED 4,000

per month · everything in Registry, plus

DocumentsImmutable versions · nothing overwritten

AccessPer-document grants, expiry, revocation

WatermarkingViewer identity + timestamp, burned in

EngagementQ&A, view analytics, investor CRM

Start with Data Room

Raise-Ready

AED 6,000

per month · everything in Data Room, plus

AI diligence readinessGap analysis vs the ADGM minimum

Verified financialsReconciled to VAT & e-invoicing

OnboardingDrop a folder · ~35 minutes

Evidence packExportable, watermarked, cited

Get Raise-Ready

One-time & per-vehicle

Fees that map to work, not access

Line	When	Indicative
Listing & diligence fee	On acceptance to diligence, non-refundable, credited in full against the success fee once the regulated marketplace is live	AED 25,000–50,000
SPV formation	Per vehicle, at close	AED 15,000–25,000
SPV administration	Per vehicle, annually	AED 12,000–20,000 / yr

For transparency

What activates with the licence

Regulated fees are published now so no issuer is surprised later: a success fee of 7.5% of gross proceeds (tiering to 6% above AED 25m and 5% above AED 75m, on close only), and an investor processing fee of 1.5–2% capped at AED 5,000 per commitment. Neither is charged by anyone until authorisation is granted.

How this schedule behaves The schedule is a versioned public artefact with an effective date. Offers are grandfathered to the schedule in force at acceptance. Rates tier only by published, objective criteria, never by relationship, and there is no override field to argue about. SaaS is billed by the unregulated entity; regulated fees, when live, are invoiced outside escrow and never from client money. Figures indicative pending counsel and VAT confirmation.

Compliance by design

Built to be inspected.

Most platforms treat compliance as a department. Here it is the architecture. Every rule the platform applies is versioned data, every decision records the rule it was decided under, every state change is a tamper-evident event, and every control produces its own evidence. When a regulator, an auditor or a family office asks how we know, the answer is a query, not a meeting.

Where we stand

The honest status, first

SoukRaise is not yet licensed to carry on regulated financial activity. The unregulated issuer software operates today; the regulated marketplace activates with authorisation. Our path is the ADGM Private Financing Platform permission first, then the DFSA crowdfunding licence, then SCA onshore. Everything on this page describes controls that are designed and, where stated, already built and tested. Regulatory positions are current as at July 2026 and each one is confirmed with UAE counsel before anything is filed or published.

The controls

Ten commitments, engineered so they cannot drift

Commitment	How it is enforced	Reference
Rules are data	Every eligibility rule, cap and threshold lives in a versioned rule store. A rule change is a content update, never a code release, and every decision pins the exact rule version it was evaluated against.	REG-01 to REG-18
Every action is evidence	An append-only, hash-chained audit log is the system of record. Each event chains to the last, tampering is detectable by recomputation, and the stream replicates to ten-year write-once storage under independent credentials.	Audit spine
Code decides, not models	Admission, investor caps, counters, allocation and settlement are deterministic code. A language model never decides whether an investor is allowed in.	AI doctrine
Isolation in four layers	Gateway, service, database row-level security and object-store policy each enforce tenancy independently. A nightly cross-tenant probe attempts to break isolation and fails the build if it ever succeeds.	NFR-16
Four eyes, at the data layer	No offer goes live without a named Compliance Officer's sign-off, and maker-checker separation is enforced by the schema, not by the interface.	REG-04
Eligibility is server-side	An investor never sees an offer they cannot legally take. Ineligible offers are absent, and their pages return 403. Nothing is greyed out or teased.	REG-06
Documents are immutable	A new version is a new object; nothing is overwritten. Retention classes of ten years, seven years and consent-based are set at creation and govern erasure.	REG-16
No override fields exist	Where the rulebook says uniform, the exception field was never built. No per-investor fee override, no allocation exception, no eligibility bypass, anywhere in the schema.	Equal treatment
One fee schedule	Fees are a versioned public artefact with an effective date, uniform for everyone, grandfathered by acceptance date, and never taken from client money.	C-08
No pressure mechanics	No countdown clocks, no live investor tickers, no "almost funded" framing, no trending lists. The endpoints do not return that data, and a build-time lint rejects the words themselves.	Conduct rules

Data privacy

Three regimes at once, built to the strictest, aligned with GDPR

The platform operates where three data protection regimes apply simultaneously. We build one control set to the strictest reading and map the differences, and for international investors we operate to GDPR standards. That is a design decision, not a promise: privacy behaviour is enforced in the schema, the key hierarchy and the retention engine.

Regime	Instrument	Our posture
ADGM	Data Protection Regulations 2021	Primary regime for the Phase 1 entity; DPO appointed, ROPA maintained
DIFC	Data Protection Law No. 5 of 2020	Applies with the DFSA phase; controls mapped before entry
UAE federal	PDPL, Federal Decree-Law 45 of 2021	Extra-territorial reach respected across all activity
EU and UK	GDPR and UK GDPR alignment	Applied to EU and UK data subjects on the platform; transfers rely on appropriate safeguards and standard contractual clauses where required

Your rights, honestly stated

Access, correction, export and erasure are supported as first-class workflows. One honest caveat: client-money and transaction records carry a ten-year regulatory retention that erasure cannot shorten. We tell you what we must keep, why, and for how long, at the moment you ask.

Protection by default

Data lives in UAE-region infrastructure. Encryption is AES-256 with envelope keys per tenant and a separate key for the document store; transport is TLS 1.3 only. Access follows least privilege with role and attribute checks that must both pass. The 72-hour breach notification clock is an operational runbook, not a policy PDF.

Minimisation and purpose

We collect what the rulebook requires and nothing speculative. Marketing consent is separate and revocable. Investor mandates are treated as personal data: exportable, erasable, never sold, and aggregated only as counts. The AI pipeline runs under a signed data protection impact assessment with a named owner.

AI governance

The AI is governed like a member of staff

Every AI specialist has a defined role, scoped data access, an escalation rule and a disclosure obligation. AI drafts, code decides, and a named human signs anything that matters. Every output records its model, prompt version, inputs and sources, so any analysis can be reproduced. Retrieval is filtered by the asker's document permissions inside the query itself, and a nightly adversarial test attempts to make the assistant leak a document it should not see. Any leak is treated as a critical incident. Investor-facing specialists are structurally unable to produce ratings or recommendations.

Defensible on demand

Every claim above comes with its evidence

Claim	The artefact that proves it
The audit log is untampered	A chain verification function recomputes every hash link on demand; it runs nightly and in the build pipeline, and it has been proven to catch privileged tampering
Tenants cannot see each other	The cross-tenant probe report: five isolation attacks, run nightly, any success is a critical incident
The AI cannot leak a document	The adversarial leakage evaluation, run against every release; it is demonstrably able to catch a leaking retriever
Decisions used the right rule	Every recorded decision carries its rule version; replaying the inputs against that version reproduces the outcome
Fees were uniform	The versioned fee schedule with effective dates, plus the absence of any override field in the schema
Obligations are being met	A register of sixty-six tracked obligations, each with an owner, a cadence, an evidence trail and an escalation clock, queryable without an engineer
The regulator can see for itself	A read-only supervisory portal, and a scripted live platform demonstration rehearsed monthly before authorisation

The register

Sixty-six obligations, ten families, zero spreadsheets

The full UAE obligation register is tracked as a system module: activity licensing; anti-money-laundering, counter-terrorist financing and sanctions, screening the UN and UAE local lists daily; corporate, ownership and substance; data protection; tax, including corporate tax, VAT and e-invoicing readiness; employment; contract and consumer protection; marketing and content rules; sector-specific items such as Shariah governance; and the compliance calendar that gives every dated duty an owner and a clock.

Before you rely on this page This page describes the platform's design and its built controls. It is not legal advice, it does not claim any authorisation that has not been granted, and every regulatory statement on it is confirmed with UAE counsel before filings or marketing rely on it. If you want the detail, request the compliance pack: the control descriptions, the test evidence and the obligation register export.

Request the compliance pack Read the investor briefing

Open · 40% equity partnership

We're raising to clear the licence.

The product is specified, the teams are selected, the path is chosen. What stands between SoukRaise and a live regulated marketplace in the Gulf is licensing capital and the compliance build that goes with it. We're offering 40% of the business to the partner who closes that gap with us.

Why now

Five reasons this is investable today

The perimeter is the moat. Four regulators, four regimes, and no incumbent has built for more than one. Our rules engine holds regulation as versioned data, so the second jurisdiction costs a fraction of the first.

Revenue starts before the licence does. Cap table, data room, AI diligence readiness and issuer onboarding are unregulated software, built, priced and published (see pricing) at AED 2,000–6,000 per month plus a AED 25–50k diligence fee per issuer. Every subscription is revenue and operating evidence while the application is in flight, and the same build becomes the compliance console the DFSA demands a live demo of.

The controller test works in our favour. Where an applicant lacks a five-year platform track record, the FSRA may look instead to the track record of its controllers and key individuals. Ours is a broker-dealer partnership in New York, senior roles at Accenture and Ericsson, and a prior exit to Deloitte.

We're not guessing at demand. SMEs are more than 94% of UAE companies and employ over 86% of the private-sector workforce, and roughly half to two-thirds of their funding applications are rejected by conventional banks. That rejection rate is the market, businesses bankable in substance and unbankable in process.

The dataset no incumbent has. Investors save their theses as mandates, sector, theme, structure, ticket size, Shariah requirement, and the platform matches them deterministically, with the reason shown. Aggregated and anonymised, live mandates are a map of what GCC capital is actually looking for. Telling a founder that thirty-one active mandates match their profile is not a promise, it's a fact, and it's a fact no other platform on earth can produce.

Business model

Priced at the top of defensible

One schedule, published, uniform, versioned as data, grandfathered by effective date, with no per-investor override field anywhere in the database. Blended take on a AED 10m raise runs roughly 9.5–11% all-in: the top of the global band, below the US ceiling.

Revenue line	Basis	Indicative
Success fee	Issuer, on close only, tiers by published raise size	7.5% → 6% → 5%
Listing & diligence	Issuer, on acceptance, credited against success fee	AED 25–50k
Platform SaaS	Cap table, data room, diligence readiness, priced & shipping before the licence	AED 2–6k / mo
SPV formation + admin	Per vehicle, recurring, sticky, unregulated	AED 15–25k + 12–20k / yr
Investor processing	On commitment, capped per commitment	1.5–2% · cap AED 5k
Distribution agent	On amounts distributed	0.5–1%
Exit facility transfer	Flat per completed transfer	AED 2,500

Why the pricing holds No regulator in the UAE caps platform fees. What binds is conduct: uniform treatment, full disclosure before commitment, never a fils from client money. US platforms charge 7–13% all-in for listing without diligence. We charge inside that band for diligence, compliance, escrow, SPV and settlement, the work is the moat, and the moat is what the fee buys.

The operating model

AI everywhere it helps. Code everywhere it decides.

Every founder gets an AI deal team of twelve specialists. Every investor gets a research office of nine. One orchestrator routes each request, scopes the data, and decides when a human signs. The roster, its guardrails and the orchestration engine are in the codebase today. The eight platform copilots below show the pattern every specialist follows: a scoped boundary, a provenance record, a named human owner, and no authority of its own.

Copilot	What it does	The human gate
Onboarding Assistant	Reads the deck, licence, MOA and accounts. Arabic or English, and pre-fills the application, every field cited to its source page	Founder confirms each field
Diligence Analyst	Reconciles stated numbers against VAT filings and registries; drafts the memo to the ADGM minimum standard	Named officer signs
Compliance Copilot	Rule-by-rule reasoning, cited to the exact versioned rule it was evaluated against	Officer decides
Data Room Assistant	Answers investor questions with per-sentence citations	Sees only what the asker may open
Investment Analyst	Factual brief, terms, financials, risks, unknowns, equal weight	No view, ever
Content Reviewer	Flags issuer copy against "fair, clear and not misleading"	Officer decides
Marketplace Concierge	Filters eligible offers by the investor's stated criteria	Filters, never ranks
Support Assistant	Bilingual answers from the help corpus, instantly	Escalates anything regulated

Where the AI stops Eligibility, investor caps, counters and allocation are deterministic code evaluating versioned rules, a language model is never the thing that decides whether an investor is allowed in. Every AI output records its model, prompt and sources. A nightly adversarial suite proves the assistant cannot leak a document. AI drafts; code decides; a named human signs.

Use of proceeds

Indicative allocation

Licensing capital is held, not spent, it sits on the balance sheet as a regulatory requirement and remains an asset of the company. The spend is authorisation, compliance and the Phase 1 build.

Line	Purpose	Indicative
Licensing capital	ADGM PFP base capital, held on balance sheet	USD 150k
Authorisation	Regulatory counsel, business plan, FSRA process	AED 1.5–2.5m
Compliance build	Rules engine, compliance console, audit spine	AED 1.8–2.4m
Key hires	Compliance Officer / MLRO, Finance Officer, SEO	AED 1.2–1.6m
Platform (Phase 1)	Marketplace, escrow, SPV, subscription, settlement	AED 3.5–4.5m
Market awareness	Platform-level brand, bilingual content engine, SEO/AEO, issuer acquisition, deal promotion is prohibited here, so the brand is the channel	AED 1.5–2.5m
Working capital	18 months runway to revenue at scale	AED 2–3m

Before you publish Figures are indicative and derived from the platform's own cost model. Replace with your agreed round size and allocation, and have counsel review this page before it goes live, a page addressed to investors is capable of being read as a financial promotion.

Sequence

Where the money takes us

Now · Months 0–3

Close the round

Equity partners in place. Compliance Officer / MLRO hired, before the build, not after. Escrow banking conversations opened with three custodians.

Now shipping

The unregulated product

Cap table, data room, AI diligence readiness and issuer onboarding, built on the event-sourced foundation, priced and published. The AI workforce ships with it: the 27-specialist roster, its guardrails and the orchestration engine are in the codebase. First paying issuers are the next milestone: revenue and operating evidence while the application is in flight.

Months 3–12

ADGM authorisation

Pre-application meeting, submission, live platform demo, in-principle approval, capital deposit. Private Financing Platform permission granted.

Months 6–12

Marketplace live

First regulated raises. Professional and family-office capital. Exit facility for holders.

Months 12–36

DIFC, retail, and the region

DFSA licence and retail access. Property offers. Saudi entry through a licensed partner. Then the venue, and onshore.

Questions we get asked

The honest answers

Because onshore means AED 1m of paid-up capital, retail from day one, and the heaviest disclosure obligations in the country, for the smallest average ticket. ADGM's Private Financing Platform regime is built for professional and HNW capital at a $150k base, and it has a defined route to a trading venue later. We go where the capital already is, then come onshore with twelve months of supervised operating history behind us.

Nothing, except that their entire back office assumes a US rulebook, and none of it transfers. There is no Carta for a DIFC SPV, no standard regional subscription pack, no accreditation utility, no venue for private paper. They'd be rebuilding the compliance layer from zero in a market a fraction of the size of their own. That's the window.

The escrow banking relationship. Nothing regulated ships without a segregated client-money account at an eligible custodian, and UAE banks are slow and cautious with fintech client-money structures. It's the one item on the critical path entirely outside our control, which is why it starts in month one with three candidates in parallel. Second is authorisation timing, we've modelled nine months and planned for twelve.

No, and the architecture makes that structural rather than aspirational. Every eligibility rule, every investor cap and every counter is deterministic code, a language model is never the thing that decides whether an investor is allowed in. The AI reads documents, finds gaps and contradictions, and drafts memos for a named human to sign. It has no view on any investment, and the interface is built so it can't accidentally acquire one.

From Phase 1. Parallel instruments. Mudarabah and Musharakah for equity, Murabaha and Ijara for debt-like, with a Shariah supervisory board and a per-offer certification artefact. In this region it's a distribution unlock, not a compliance cost: a meaningful share of family-office capital simply cannot participate otherwise.

Because the right partner here isn't passive. A 40% shareholder is a controller the FSRA will assess as part of authorisation, and we want that scrutiny, because a partner whose track record strengthens the application, whose network seeds the first cohort of issuers and family offices, and whose incentives are indistinguishable from ours is worth the stake. Board representation and information rights to match. Terms in the briefing pack.

Issuers and capital. A regional partner who can introduce a first cohort of ten credible issuers and a handful of anchor family offices is worth more than the same cheque from a passive fund. If you're a strategic in banking, exchange infrastructure or SME lending, tell us what you'd want the platform to do for you, the roadmap has room.

Next step

Talk to the CEO, not a form.

Investor enquiries, partnership proposals, or a request for the full business requirements and system plan, all one inbox, read by the person whose name is on it.

Investor enquiries ceo@theupcapital.com

Ashik Karim
Founder & CEO, SoukRaise
Upcapital Global FZCO · Dubai Silicon Oasis