Tammwel
Your financial situation is better with Tamawal
Riyadh, Saudi Arabia · Founded 2020 · $1.1M raised
- Headquarters
- Riyadh
- Employees
- 1–10
- Founded
- 2020
- Business Model
- Marketplace
- Website
- tamawal.sa
- Total Funding
- $1.1M
- Last Round
- $1.1M Pre-SeedFeb 2022
- Rounds
- 1
About
Tamawal is a SAMA-licensed digital finance broker based in Riyadh, Saudi Arabia, that connects consumers with Sharia-compliant loan offers from licensed financial institutions. The platform covers personal loans, credit cards, auto financing, and real estate financing. Founded in early 2020 by Mohammed Alhathel and Abdullah Alsheikh, Tamawal raised a $1.1M pre-seed round in February 2022. In April 2025, Tamawal received an official license from the Saudi Central Bank (SAMA) to provide Finance Aggregation Services. The platform operates via a mobile app and positions itself as a fully transparent, fee-free comparison service.
Summary
Tammwel is a Lending company based in Riyadh, Saudi Arabia, founded in 2020. It has raised $1.1M in total across 1 round, most recently a $1.1M Pre-Seed round in Feb 2022.
Tech & App Stack
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Funding History
Feb 2022
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