About Mala'a
Mala'a is a company based in Riyadh (Saudi Arabia) founded in 2020 by Ali Al Alorainy and Faisal Alqarni. Mala'a has raised $19.01 million across 2 funding rounds from investors including Al Ahli Capital, Khwarizmi Ventures and Impact46. Mala'a operates in a competitive market with competitors including Mthmr, Tiqmo, UmrahCash, Mod5r and Horizonbudget, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Ali Al Alorainy, Faisal Alqarni
- SectorsTechnology
- Emailβ’β’β’β’β’β’β’β’
- Website malaa.tech
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$19.01M (USD)
in 2 rounds
- Latest Funding Round$17.31M (USD), Series A
Sep 2024
- InvestorsAl Ahli Capital
& 4 more
Funding Insights of Mala'a
Mala'a has successfully raised a total of $19.01M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $17.31 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $19.01M
- Total Rounds 2
- Last Round Series A β $17.31M
- First Round $1.7M
(Mar 2022)
- Investors Count 5
All 2 funding rounds of Malaa with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2024 | $17.31M | Series A | β | Alahlicapital | |
| Mar 2022 | $1.7M | Seed | β | β |
5 investors in total: 5 institutional.
Investors in Mala'a
Mala'a has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Al Ahli Capital, Khwarizmi Ventures and Impact46.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage MENA startups across sectors are invested in. | – | khwarizmivc.com | Riyadh, Saudi Arabia | |
Venture capital firm focused on seed and growth investments | – | impact46.sa | Riyadh, Saudi Arabia | |
Wealth Well is recognized as an investment and wealth management firm. | – | wealthwell.com | Riyadh, Saudi Arabia | |
Angel investments in early-stage ventures are managed by VentureSouq. | – | venturesouq.com | Dubai, United Arab Emirates | |
Financial services are provided by Al Ahli Capital in Saudi Arabia. | 1953 | alahlicapital.com | Riyadh, Saudi Arabia |
Investor details for Malaa
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Mala'a
6 people are tracked at Mala'a (5 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Ali Al Alorainy | Co-Founder & CEO | Leadership |
Faisal Alqarni | Co-Founder | Leadership |
Ali Alorainy | CEO | Leadership |
Waleed Bahadi | Head Of Product | Leadership |
Mohammed al-Mujalli | Chief Compliance Officer | Leadership |
Abdullah Bahabri | Marketing Lead | Team |
Complete people profiles for Mala'a
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Mala'a
3 dated milestones of Mala'a across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Mala'a is founded.
- Funding First funding round of $1.7M.
- Funding Latest funding round, Series A, of $17.3M.
Competitors of Mala'a
Mala'a operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mthmr, Tiqmo, UmrahCash, Mod5r and Horizonbudget, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mthmr.com | 2020 | Jeddah, Saudi Arabia | $1.6M | – | Expense management is provided via an online platform. | |
| tiqmo.com | 2020 | Riyadh, Saudi Arabia | – | – | Offers a wallet-enabled solution for money transfer and budgeting for individuals. | |
| umrahcash.com | 2024 | Jeddah, Saudi Arabia | $500,000 | – | Digital finance access is enabled for pilgrims in Saudi Arabia. | |
| mod5r.com | 2020 | Riyadh, Saudi Arabia | – | – | Expense management solutions are delivered via an online platform. | |
| horizonbudget.com | 2019 | Prague, Czech Republic | – | – | Offers a cloud-based platform for effective budget management. | |
| softurion.com | 2013 | Saint Gregoire, France | – | – | Personal finance software for tracking expenses, revenues, and forecasts on Mac and iPad. | |
| budgetos.com | 2019 | Paralimni, Cyprus | – | – | A cloud-based platform for efficient expense management and tracking. | |
| qsalary.com | 2021 | Riyadh, Saudi Arabia | – | – | App-based platform for employees to manage income and expenses. |
Detailed competitors of Malaa
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Mala'a
The website of Mala'a (malaa.tech) receives about 13.9K visits a month.
- Monthly visits13.9K
▼ 14.5% vs previous month
Websites whose visitors overlap most with Mala'a. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| qsalary.com | 100% | 18.5K | #1,306,197 | View details | |
| google.com | 99% | 85.8B | #1 | View details | |
| x.com | 86% | 4.5B | #5 | View details | |
| albadrsales.com | 76% | 25.2K | #1,036,189 | View details |
Latest news on Mala'a
Complete news archive for Malaa
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Mala'a
10 companies that operate in the same segment as Mala'a (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.73 B | USD 2.98 B | 2,300 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | – | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | – | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | – | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | – |
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Frequently Asked Questions about Mala'a
Mala'a was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Mala'a is headquartered in Riyadh, Saudi Arabia.
Ali Al Alorainy is the current CEO of Mala'a. They have also founded this company.
Mala'a is a funded company, having raised a total of $19.01M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.7M, raised on Mar 2022.
Malaa was founded in 2020 in Riyadh, Saudi Arabia, as a fintech platform focused on personal finance management. Expenses are tracked, budgets are created for daily, monthly, and yearly periods, and personalized analytics are provided through an app that connects directly to bank accounts. All financial activities are managed and viewed on the platform, which is available for Android and iOS devices. Operations center on individual users in the region.
Mala'a has 5 investors. Key investors include Al Ahli Capital, Khwarizmi Ventures, Impact46, Wealth Well, and VentureSouq.