Mafhoom Technologies, founded in 2022 by Ahmad Khatib and Ziad Melhem, develops an intelligent personal finance app available on iOS and Android. The app provides tools to optimise spending behaviour, reduce bills, eliminate debt, improve financial literacy, and support savings and investment objectives. Mafhoom is incorporated in the Dubai International Financial Centre (DIFC) and positions itself as a personal financial empowerment platform. The company is enhancing its technology with AI-driven behavioural and predictive analysis, wealth-building algorithms, and investment analytics. The recent pre-seed funding will be used to grow the team and accelerate product development. Mafhoom plans to expand into Saudi Arabia as part of its growth strategy.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2023