Malaa
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Malaa was founded in 2021, is headquartered in Riyadh, Saudi Arabia, lists 11–50 employees, and has $19.0M in recorded funding across 2 rounds.
- Headquarters
- Riyadh
- Employees
- 11–50
- Founded
- 2021
- Business Model
- B2C
- Website
- malaa.tech
- Total Funding
- $19.0M
- Last Round
- $17.3M Series ASep 2024
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 2 funding rounds and 3 investors for this company. The full record is or through the API.
About
Malaa (ملاءة) is a Saudi Arabian fintech company founded in November 2021 that offers an all-in-one personal finance app for tracking, saving, and investing. The platform aggregates users' bank accounts via open banking, generates personalized financial plans based on income, life stage, and retirement goals, and provides Sharia-compliant diversified investment portfolios managed by an experienced investment team. Malaa is licensed by both SAMA (Saudi Central Bank) for open banking and the Capital Market Authority (CMA) as a robo-advisor, and has grown to over 640,000 users. The company raised a $17.3 million Series A in September 2024 led by SNB Capital.
Summary
Malaa is a Fintech company based in Riyadh, Saudi Arabia, founded in 2021. It lists 11–50 employees. It has raised $19.0M in total across 2 rounds, most recently a $17.3M Series A round in Sep 2024. Investors include Derayah Financial, Khawarizmi Ventures and Impact46.
Tech & App Stack
1 technology or app tracked
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Funding History
Sep 2024
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Funding: Series A. Amounts, valuations, and investors where available.
Investors
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