Mala
Riyadh, Saudi Arabia · Founded 2024 · $7.0M raised
- 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.
Tech & App Stack
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Funding History
Oct 2024
Investors
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