Malaa, a Saudi Arabia-based provider of a wealth management tool, raised $17.2M in Series A funding.
The round was led by SNB Capital, with participation from Derayah Financial, Khwarizmi Ventures, Impact46, and WKN.
The company intends to use the funds to enhance its plans to launch a new range of investment and savings products, along with various features and services.
Founded in 2021 by Ali Aloraini and Faisal Alqarni, Malaa provides a wealth management platform that empowers individuals and organisations to enhance their financial decision processes via data-driven financial products and services.
In March 2022,Ā the company had raised $1.7M in aĀ SeedĀ round from regional investors.
FinSMEs
05/09/2024