• Oumla raises USD 2.4M Seed to build trusted, scalable digital asset solutions for businesses, banks, and government entities.
• Funding led by Core Vision Investment, with participation from Avalanche and angel investors across the MENA region.
• New capital will accelerate hiring, regulatory partnerships, and blockchain integration in Saudi Arabia and beyond.

Oumla

Saudi-based Oumla secured USD 2.4 million in a seed funding round led by Core Vision Investment. It also saw participation from Avalanche and several angel investors.

Up next, with the new funding, it aims to advance its mission of enabling digital asset management and blockchain connectivity. It also aims to expand its workforce across multiple functions including technology, compliance, and business development. Additionally, it aims to strengthen collaborations with regulatory bodies, financial institutions and government agencies in Saudi and the Middle East. Furthermore, it intends for these partnerships to accelerate the establishment of a secure regulatory and technological infrastructure for digital assets. 

Digital Infrastructure 

Founded in 2022 by Mohammed Aljasser and Salah Al Salman, Oumla is a digital asset infrastructure and custody solutions startup. It provides secure, scalable blockchain infrastructure for businesses, enterprises, and governments to manage digital assets with ease and compliance.

Furthermore, it offers an enterprise-grade digital asset infrastructure and facilitates the integration with blockchain networks. It enables the digitization of financial and real estates through a framework that supports institutions in their digital transformation and blockchain adoption. It replaces paperwork and manual steps with smart digital contracts to ensure transactions are secure and recorded. In addition, it helps banks manage their assets and liquidity more easily and with reduced risk. This is in alignment with national and regional visions for economic diversification and financial innovation.

Bottom line: The funding positions Oumla to strengthen its digital asset infrastructure and regulatory engagement in Saudi Arabia. The investment underlines ongoing developments in the region’s blockchain and fintech ecosystem.