Founders: Musaab Hakami, Sumeet Khutale Country: Saudi Arabia Founded: 2024 Partnered: 2024 / Pre-Seed Status: Active / Series A
Mala is a B2B Buy-Now-Pay-Later (BNPL) platform, designed to help underserved SMEs access short-term credit more efficiently, addressing the substantial $250B funding gap for SMEs in Saudi Arabia.
The platform offers merchants and buyers a simple, fully digital lending experience, powered by streamlined onboarding, automated underwriting, and seamless reconciliation workflows.
With our high conviction in the SME lending opportunity in Saudi Arabia, along with the team’s depth of experience and domain knowledge, we were compelled to invest in Mala’s pre-seed round in 2024.