Malaa Technologies raises $1.7 million Seed round
- Date: 16-Mar-2022
- Source: Wamda
- Sector:Financial Markets
- Country:Saudi Arabia
Malaa Technologies raises $1.7 million Seed round
Press release:
Saudi financial technology startup Malaa Technologies has raised SAR6.4 million ($1.7 million) in its Seed round with participation from Impact46, Khawarizmi ventures, Venture Souq, WealthWell, and a number of angel investors.
Established back in November 2020, the startup was founded by Ali Alorainy and Faisal Alqarni who both come with diverse experiences in finance and technology. Malaa recently announced obtaining SAMA’s permit to operate open banking activities with the aim to help individuals make better financial decisions through cutting edge technologies in big data and artificial intelligence
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