MALY Tech Ltd
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MALY Tech Ltd - overview
Established
2022
Location
Dubai, -, United Arab Emirates
Primary Industry
Financial Services
About
Founded in 2022 and based in Dubai, UAE, MALY Tech Ltd. operates as a financial wellness platform that helps its customers create improved spending patterns. The company was co-founded by its CEO, Mo Ibrahim. In August 2023, MALY Tech Ltd.
raised USD 1. 6 million in venture funding. As of 2023, the company has formed significant collaborations with well-known brands such as VISA, NymCard, and DAPI, to emerge in the financial wellness sector of the MENA region. The company provides tools for saving, managing debt, spending wisely, and planning investments.
With its automated savings app and VISA card, which connects to major UAE banks, users can save by rounding up small amounts from daily purchases using a micro-saving tool. Additionally, they can handle debt with smart goals, automate savings, use a free VISA card for spending, and gain insights into investment strategies. The company plans to use the August 2023 funding to expand the company's automated savings app and its bank-linked card. These resources will also support the company's new growth phase, which incorporates the latest AI technologies.
Primary Industry
Financial Services
Sub Industries
e-Financial, Investment Banking
Website
www.maly.ai
Verticals
Artificial Intelligence, FinTech, Mobile Apps
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
MALY Tech Ltd - employee data
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