“We Got Funded!” Saudi Arabia-Based Fintech Savings Platform Hakbah Raises US$2 Million – Entrepreneur
- Date: 23-Apr-2023
- Source: Entrepreneur Middle East
- Sector:Financial Services
- Country:Saudi Arabia
“We Got Funded!” Saudi Arabia-Based Fintech Savings Platform Hakbah Raises US$2 Million – Entrepreneur
Saudi Arabia-based fintech savings platform Hakbah has raised its first round of institutional capital.
In a pre-Series A round worth US$2 million, Hakbah got support from Dubai-based venture capital firms Global Ventures and Aditum Investment Management. The funding follows approval granted by the Saudi Central Bank (SAMA).
The investment will be used to accelerate Hakbah's presence in Saudi Arabia, improve its user journey, and enhance its savings engine algorithm.