Malaa
StartupAll-in-one personal finance app to track, save and grow money; SAMA open-banking licensed.
Identifier: malaaSaudi Arabiamalaa.tech (Visit website, opens in new tab)
- Funding stage
- —
- Raised
- $17M Disclosed · not verified
- People
- 3
- Founded
- —
Financial Services
Key facts
| Fact | Confidence | Evidence |
|---|---|---|
| HeadquartersSaudi Arabia | 1 source | |
| Fundraising statusunknown | no source |
Startup details
Malaa is a fintech application that provides comprehensive financial management solutions including expense tracking, investment portfolio management, financial planning, wealth management, and automated investment advisory services. The platform enables users to link their bank accounts, track income and expenses, set financial goals, and invest in diversified portfolios managed by a team with over 25 years of investment experience. Services include cash management products and Sharia-compliant investment portfolios.
Funding
Disclosed equity raised$17MDisclosed · not verified
| Round | Date | Amount | Confidence |
|---|---|---|---|
| Series A | Sep 3, 2024 | $17M |
- Sep 3, 2024Series A$17M
Team
FA
Faisal AlqarniFounder
Co-Founder
Co-Founder & Chief Strategy OfficerAL
Ali AlorainyFounder
Co-Founder
AL
Ali AlorainiFounder
Co-Founder
Co-Founder & CEORelationships
Investors
- SNB CapitalLead investor
- Impact46Participant
- Khwarizmi VenturesParticipant
Founders & leadership
- Faisal AlqarniCo-Founder
- Ali AlorainyFounder
- Ali AlorainiCo-Founder
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Sources
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