7asaleh is a financial technology company that has digitized the traditional Middle Eastern concept of a Rotating Savings and Credit Association (ROSCA), or "Jam'iyah". The platform allows users to easily create or join private or public savings circles with friends, family, or colleagues. It automates the process of collecting monthly contributions and disbursing the lump-sum payout to a different member each month, providing a secure, transparent, and organized alternative to the informal cash-based system. The company operates under the supervision of the Saudi Central Bank (SAMA) within its Regulatory Sandbox, aiming to modernize and formalize this popular community savings method.

Founded in

Jordan