Mala Inc.
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Mala Inc. - overview
Established
2024
Location
Riyadh, -, Saudi Arabia
Primary Industry
Software
About
Established in 2024 and based in Riyadh, Saudi Arabia, Mala Inc. offers a Buy Now Pay Later (BNPL) solution tailored to businesses. In October 2024, Mala Inc. raised USD 7 million in pre-seed funding led by new investor VentureSouq, with participation from other investors BECO Capital, M Capital, Access Bridge Ventures, Palm Ventures, Shorooq Partners, Waad Investment, and Distributed Global Ventures.
Musaab Hakami is leading the firm as CEO as of 2024. The company’s primary offering is its BNPL service, which allows businesses to make purchases without immediate financial outlay. Mala’s platform is fully integrated with the government. It supports multiple channels, including online shops, telesales, and offline stores, providing businesses with access to its services.
Current Investors
M Capital, Palm Ventures, BECO Capital
Primary Industry
Software
Sub Industries
e-Financial, Accounting/Finance Software, Application Integration Software
Website
www.trymala.com
Verticals
Cloud Computing, FinTech
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
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