How much funding has Resal raised?

Resal has raised $9.0M in total funding, most recently a Series A round.

Who are Resal's investors?

Resal's investors include Derayah Ventures, Nomad Fund.

Where is Resal headquartered?

Resal is headquartered in Jeddah, Saudi Arabia.

What industry is Resal in?

Resal operates in E-Commerce, Fintech.

Resal

Jeddah, Saudi Arabia · Founded 2018 · $9.0M raised

E-Commerce

Fintech

Headquarters: Jeddah
Employees: 51–200
Founded: 2018
Business Model: B2B2C

Website: resal.me
Total Funding: $9.0M
Last Round: $9.0M Series AAug 2024
Rounds: 1

About

Resal is a leading Saudi Arabia-based fintech platform that operates the largest digital non-cash value infrastructure in the MENA region, enabling individuals, businesses, and merchants to manage, distribute, and exchange loyalty points, prepaid cards, gift cards, and digital rewards. Founded in 2018 by Hatem Kameli and Fouad Alfarhan in Jeddah, the company serves 4 million+ active users and 2,000+ enterprise clients, processing over $800 million in transaction value. Resal's suite includes loyalty program management for enterprises, a digital gift card marketplace for consumers, merchant loyalty card tools, and an API layer (Resal Connect) for loyalty program interoperability across its 1,000+ brand network. The company is ISO 27001 certified, compliant with Saudi PDPL, and holds Aramco cybersecurity certification.

Summary

Resal is an E-Commerce company based in Jeddah, Saudi Arabia, founded in 2018. It has raised $9.0M in total across 1 round, most recently a $9.0M Series A round in Aug 2024. Investors include Derayah Ventures and Nomad Fund.