How much funding has Mala raised?

Mala has raised $7.0M in total funding, most recently a Pre-Seed round.

Who are Mala's investors?

Mala's investors include Venture Souq, Shorooq Partners, BECO Capital, Waad Investment, Access Bridge Ventures.

Where is Mala headquartered?

Mala is headquartered in Riyadh, Saudi Arabia.

Mala

Riyadh, Saudi Arabia · Founded 2024 · $7.0M raised

Fintech

Headquarters: Riyadh
Employees: 11–50
Founded: 2024
Business Model: B2B

Website: trymala.com
Total Funding: $7.0M
Last Round: $7.0M Pre-SeedOct 2024
Rounds: 1

About

Mala (Mala Inc.) is a Riyadh-based B2B fintech company founded in 2024 that operates the first Procure-Now-Pay-Later platform in Saudi Arabia and across the MENA region. The platform enables buyers to receive goods immediately and pay in 30, 60, or 90-day installments, while sellers receive payment at delivery — with Mala managing all payment processing and collections. Unlike traditional financing, Mala structures its service as a trade facilitation tool rather than a loan product, charging no interest. In October 2024, the company raised a $7 million pre-seed round backed by investors including VentureSouq, Shorooq Partners, Beco Capital, Palm Ventures, and Nuwa Capital.

Summary

Mala is a Fintech company based in Riyadh, Saudi Arabia, founded in 2024. It has raised $7.0M in total across 1 round, most recently a $7.0M Pre-Seed round in Oct 2024. Investors include Venture Souq, Shorooq Partners and BECO Capital.