When was Mala founded?

Mala was founded in 2024 and raised its 1st funding round within a year of its incorporation.

Where is Mala located?

Mala is headquartered in Riyadh, Saudi Arabia.

Who is the current CEO of Mala?

Musaab Hakami of Mala. They have also founded 1 company.

How many employees does Mala have?

As of Jun 30, 2026, the latest employee count at Mala is 25.

Is Mala a funded company?

Mala is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Oct 20, 2024.

When was the latest funding round of Mala?

Mala's latest funding was a $***** Seed round on Oct 20, 2024, with participation from 6 investors.

Where does Mala rank among its competitors?

Mala ranks 2nd amongst 3 active competitors, of which 3 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Tamara, which secured $2.4B in Sep, 2025.

Mala - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of B2B procure-now-pay-later financing solutions. This facilitates purchases for buyers with deferred payment terms, while sellers receive immediate payment. The service integrates with existing sales channels, offering flexible payment options to buyers and eliminating payment delays for sellers. It aims to improve cash flow for both buyers and sellers, increasing sales conversions and reducing late payments. The platform manages the credit process and payment collection, mitigating risk for sellers.

Website: trymala.com/ar
Email ID: *****@trymala.com
Phone Number: +966 **********

Key Metrics

Founded Year

2024

Location

Riyadh, Saudi Arabia

Stage

Seed

Total Funding

$7M in 1 round

Latest Funding Round

Seed, Oct 20, 2024, $*****

Investors

VentureSouq & 5 more

Ranked

2^nd among 3 active competitors

Employee Count

25 as on Jun 30, 2026

Similar Companies

Tamara & 57 more

View Mala's full profile

Mala has raised a total funding of $7M over 1 round. Its latest funding round was a Seed round on Oct 20, 2024 for $*****. 6 investors participated in its latest round. Mala has 6 institutional investors.

Here is the list of recent funding rounds of Mala:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 20, 2024	7903553	Seed	6528139	4238021	2137971	6653452

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View details of Mala's funding rounds and investors

The founders of Mala is Musaab Hakami. Musaab Hakami is the CEO of Mala.

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

Musaab Hakami: Founder & CEO of Mala.
Contact Info: 1 email address

View details of Mala's Founder profiles and Board Members

Mala's employee count trend

Mala has 25 employees as of Jun 26. Here is Mala's employee count trend over the years:

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Top competitors of Mala include Tamara and ArabianPay. Here is the list of Top 10 competitors of Mala, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tamara 2020, Riyadh (Saudi Arabia), Series C	Provider of buy-now-pay-later payment solutions	$556M	Sanabil, Impact46 & 16 others	70/100
2nd	Mala 2024, Riyadh (Saudi Arabia), Seed	Provider of B2B procure-now-pay-later financing solutions	$7M	BECO Capital, VentureSouq & 4 others	37/100
3rd	ArabianPay 2023, Riyadh (Saudi Arabia), Seed	Fintech platform that provides banking and payment solutions for small and medium-sized enterprises	-	Albassami-Group	24/100