– Mala Secured USD 7 million in a Pre-Seed round, led by Venture Souq and supported by several notable investors.

– The company provides flexible credit and liquidity to small and medium-sized enterprises (SMEs), aligning with Saudi Arabia’s Vision 2030.

– The platform offers suppliers immediate payments and custom credit terms for buyers, using data insights to overcome traditional credit challenges.

The Saudi startup Mala has secured $7 million in a Pre-Seed funding round led by Venture Souq, with contributions from prominent investors like M Capital, BECO Capital, Access Bridge Ventures, Palm Ventures, Shorouq Partners, Wad Investment, and the DGV fund.

The startup plans to launch in Saudi Arabia by the end of this year, using the funds to attract top talent and advance its technology. “Mala” aims to strengthen its market position by forming strategic partnerships with suppliers and buyers, contributing to the company’s long-term growth.

Mala’s platform addresses the challenge suppliers face in offering credit to buyers across sectors. According to founder and CEO Musaab Hakami, traditional credit systems often depend heavily on personal relationships, limiting many suppliers’ ability to provide sufficient credit.

By utilizing data-driven insights, Mala helps suppliers access immediate payments, while offering buyers customized credit terms. The company, founded in 2024, focuses on integrated procurement and credit management solutions for B2B businesses.

The company is dedicated to empowering small and medium-sized enterprises (SMEs) by offering flexible credit terms and liquidity, thereby supporting economic growth in the Kingdom. The platform’s contributions align with Saudi Arabia’s Vision 2030, aimed at diversifying the economy and fostering innovation.