Malaa offers a wealth management platform that helps individuals and organisations improve financial decision-making through data-driven financial products and services. The company plans to launch a new range of investment and savings products along with additional features and services funded by its recent raise. Malaa was founded in 2021 by Ali Aloraini and Faisal Alqarni and is headquartered in Saudi Arabia. Prior to the Series A, the company raised $1.7M in a March 2022 seed round from regional investors. The platform serves both individual and organizational customers and positions itself around improving financial planning and product access. Current public reporting on operating metrics (revenue/users) was not provided in the article.

Total raised

$17M

Funding rounds

1

Latest round

Series A

Latest activity

Sep 2024