Where is Mala'a located?

Mala'a is located in Riyadh, Saudi Arabia .

Who is the current CEO of Mala'a?

Ali Al Alorainy is the current CEO of Mala'a.

Is Mala'a a funded company?

Mala'a is a funded company, its first funding round was on Mar 16, 2022.

When was the latest funding round of Mala'a?

Mala'a's latest funding round was on Sep 03, 2024.

Where does Mala'a rank among its competitors?

Mala'a ranks 1 amongst 11 active competitors.

Who are the top competitors of Mala'a?

Mala'a's top competitors are Tiqmo, Mthmr and UmrahCash.

Mala'a - 2025 Company Profile, Team, Funding & Competitors - Tracxn

Company Details

App-based personal finance management platform for individuals. The platform helps users track expenses, create daily, monthly, and yearly budgets, get personalized analytics, and can be directly connected to the bank account. Users can manage and view all the expenses using the app. The app is available on Android and iOS platforms.

Website: www.malaa.tech/
Social
Email ID: *****@malaa.tech

Key Metrics

Founded Year

2020

Location

Riyadh, Saudi Arabia

Stage

Series A

Total Funding

$19M in 2 rounds

Latest Funding Round

Series A, Sep 03, 2024, $17.3M

Investors

Alahlicapital & 5 more

Ranked

1^st among 11 active competitors

Similar Companies

Money Forward & 814 more

Mala'a has raised a total funding of $19M over 2 rounds. Its first funding round was on Mar 16, 2022. Its latest funding round was a Series A round on Sep 03, 2024 for $17.3M. 3 investors participated in its latest round, lead by Alahlicapital.

Mala'a has 6 institutional investors including Alahlicapital, VentureSouq and Flat6Labs.

Here is the list of recent funding rounds of Mala'a:

Date of funding	Funding Amount	Round Name	Post money valuation	Revenue multiple	Investors
Sep 03, 2024	$17.3M	Series A	9456484	2573606	Alahlicapital, Khwarizmi Ventures, and 1 more
Mar 16, 2022	$1.7M	Seed	8425834	9684568	Wealth Well, VentureSouq, and 2 more

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View details of Mala'a's funding rounds and investors

The founders of Mala'a are Faisal Alqarni and Ali Al Alorainy. Ali Al Alorainy is the CEO of Mala'a.

Here are the details of Mala'a's key team members:

Faisal Alqarni: Co-Founder of Mala'a.
Contact Info: 1 email address
Ali Al Alorainy: Co-Founder & CEO of Mala'a.
Contact Info: 1 email address

View details of Mala'a's Founder profiles and Board Members

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Top competitors of Mala'a include Tiqmo, Mthmr and UmrahCash. Here is the list of Top 10 competitors of Mala'a, ranked by Tracxn score:

Overall Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mala'a 2020, Riyadh (Saudi Arabia), Series A	App-based personal finance management platform for individuals	$19M	VentureSouq, Flat6Labs & 4 others	39/100
2nd	Tiqmo 2020, Riyadh (Saudi Arabia), Unfunded	Wallet-enabled money transfer and budgeting solution for individuals	-	-	34/100
3rd	Mthmr 2020, Jeddah (Saudi Arabia), Seed	Online platform for expense management	$1.6M	Wa'ed Ventures, Le Augure Holding Group & 1 others	27/100
4th	UmrahCash 2024, Jeddah (Saudi Arabia), Seed	Digital money management platform	$500K	Adaverse	20/100
5th	Horizonbudget 2019, Prague (Czech Republic), Unfunded	Cloud-based budget management platform	-	-	18/100
6th	Softurion 2013, Saint Gregoire (France), Unfunded	Personal financial management software	-	-	18/100
7th	Budgetos 2019, Paralimni (Cyprus), Unfunded	Cloud-based expense management platform	-	-	17/100
8th	Qsalary 2021, Riyadh (Saudi Arabia), Unfunded	App-based platform for employees to align income and expenses	-	-	15/100
9th	Mod5r 2020, Riyadh (Saudi Arabia), Funding Raised	Online platform for expense management solutions	-	500 Global	13/100
10th	Akasia 2024, Riyadh (Saudi Arabia), Unfunded	Financial technology company providing service to facilitating money management and financial planning	-	-	10/100