About Souqalmal.com
Souqalmal.com is a Financial Services company based in Dubai (United Arab Emirates) founded in 2012, and was acquired by SHUAA in March 2022. Financial products including loans and credit cards are compared online. Souqalmal.com has raised $11.5 million across 4 funding rounds from investors including SHUAA, UAE Exchange and Goco Group. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and Diversified. Its competitors include BAYZAT, yallacompare and MyMoneySouq; 2 of its 3 listed competitors have raised funding.
Company details
Souqalmal.com was established in 2012 in Dubai, United Arab Emirates, within the fintech sector. An online platform is maintained for comparing financial offerings. Personal loans, car loans, home loans, and business loans can be evaluated alongside credit cards, banking accounts, and insurance options. Operations focus on user accessibility across the region, with data sourced from various providers.
- Headquarters Dubai, United Arab Emirates
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website souqalmal.com
- Social LinkedIn X Facebook
- Acquired by SHUAA (Mar 2022)
Funding Insights of Souqalmal.com
Souqalmal.com has successfully raised a total of $11.5M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in October 2017. 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 $11.5M
- Total Rounds 4
- Last Round Series B — $10M
- First Round $300,000
(Jun 2012)
- Investors Count 5
All 4 funding rounds of Souqalmal.com 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 |
|---|---|---|---|---|---|
| Oct 2017 | $10M | Series B | – | Riyad TAQNIA Fund | |
| Feb 2017 | Series A | – | VentureSouq | – | |
| Jan 2014 | $1.2M | Seed | – | Hummingbird Ventures | – |
| Jun 2012 | $300,000 | Seed | – | – | – |
6 investors in total: 6 institutional.
Investors in Souqalmal.com
Souqalmal.com has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include SHUAA, UAE Exchange and Goco Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| riyadtaqnia.com | ||||
Angel investments in early-stage ventures are managed by VentureSouq. | venturesouq.com | Dubai, United Arab Emirates | ||
Investments in early-stage startups are focused on by Hummingbird Ventures. | hummingbird.vc | London, United Kingdom | ||
Global money transfer and foreign exchange services are provided worldwide. | 1980 | uaeexchange.com | Abu Dhabi, United Arab Emirates | |
Financial services are provided via comparison platforms in the UK. | 2006 | gocogroup.com | United Kingdom | |
M&A advisory and capital raising are provided across sectors. | 1979 | shuaa.com | Dubai, United Arab Emirates |
Investor details for Souqalmal.com
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People of Souqalmal.com
5 people are tracked at Souqalmal.com (5 in team).
| Name | Role | Group |
|---|---|---|
Mario Emad | Telesales Representative | Team |
Aries Caballero | Sales Associate | Team |
Daniyal Butt | Sales Manager | Team |
Mohammed Inshaf | Senior Software Engineer | Team |
Muhammed Rudy | Senior Software Engineer | Team |
Complete people profiles for Souqalmal.com
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Timeline of Souqalmal.com
4 dated milestones of Souqalmal.com across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Souqalmal.com is founded.
- Funding First funding round of $300K.
- Funding Latest funding round, Series B, of $10.0M.
- Exit Acquired by SHUAA.
Competitors of Souqalmal.com
Souqalmal.com has 3 listed competitors in our database, 2 of them funded. They include BAYZAT, yallacompare and MyMoneySouq.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bayzat.com | 2012 | Dubai, United Arab Emirates | $53.5M | HR administration, payroll, benefits, and health insurance solutions are provided. | ||
| yallacompare.com | 2011 | Dubai, United Arab Emirates | $21.15M | Financial products including loans, cards, and insurance are compared online. | ||
| mymoneysouq.com | 2016 | Umm Al Quwain, United Arab Emirates | Online comparisons for insurance, loans, and financial products are facilitated. |
Detailed competitors of Souqalmal.com
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Web traffic of Souqalmal.com
Websites that share an audience with Souqalmal.com (souqalmal.com).
Websites whose visitors overlap most with Souqalmal.com. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
compareit4me.com | compareit4me.com | 100% | – | ||
| adcb.com | 86% | 1.8M | #26,826 | View details | |
hsbc.ae | hsbc.ae | 80% | #97,392 | – | |
| moneygulf.com | 71% | View details | |||
| simplylife.ae | 70% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for Souqalmal.com
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Related news about Souqalmal.Com
Complete news archive for Souqalmal.com
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Frequently Asked Questions about Souqalmal.com
Souqalmal.com was founded in 2012.
Souqalmal.com is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Souqalmal.com is a funded company, having raised a total of $11.5M across 4 funding rounds to date. The company's 1st funding round was a Seed of $300K, raised on Jun 2012.
Souqalmal.com was established in 2012 in Dubai, United Arab Emirates, within the fintech sector. An online platform is maintained for comparing financial offerings. Personal loans, car loans, home loans, and business loans can be evaluated alongside credit cards, banking accounts, and insurance options. Operations focus on user accessibility across the region, with data sourced from various providers.
Souqalmal.com's top competitors include BAYZAT, yallacompare and MyMoneySouq.
Souqalmal.com has 6 investors. Key investors include SHUAA, UAE Exchange, Goco Group, Riyad TAQNIA Fund, and VentureSouq.
Yes. Souqalmal.com was acquired by SHUAA in March 2022.