When was Mala'a founded?

Mala'a was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is Mala'a located?

Mala'a is headquartered in Riyadh, Saudi Arabia.

Who is the current CEO of Mala'a?

Ali Al Alorainy of Mala'a. They have also founded 1 company.

How many employees does Mala'a have?

As of Aug 31, 2026, the latest employee count at Mala'a is 64.

Is Mala'a a funded company?

Mala'a is a funded company, having raised a total of $19M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 16, 2022.

When was the latest funding round of Mala'a?

Mala'a's latest funding was a $***** Series A round on Sep 03, 2024, with participation from 3 investors. Its primary sector is Investment Tech. In Saudi Arabia, the Investment Tech sector has seen $29.9M in funding in 2026 to date.

Where does Mala'a rank among its competitors?

Mala'a ranks 1st amongst 14 active competitors, of which 4 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was UmrahCash, which secured $500K in Sep, 2024.

Who are the top competitors of Mala'a?

Mala'a's top competitors include Tiqmo, Drahim and Mthmr. Among them, UmrahCash secured the most recent funding round in September, 2024.

Mala'a - 2026 Company Profile, Team, Funding & Competitors

Mala'a is a series A company based in Riyadh (Saudi Arabia), founded in 2020 by Faisal Alqarni and Ali Al Alorainy. It operates as an App-based personal finance management platform for individuals. Mala'a has raised $19M in funding from Alahlicapital. The company has 14 active competitors, including 4 that are funded. Its top competitors include companies like Tiqmo, Drahim and Mthmr.

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, $*****

Investors

Alahlicapital & 5 more

Ranked

1^st among 14 active competitors

Employee Count

64 as on Aug 31, 2026

Similar Companies

Money Forward & 919 more

View Mala'a's full profile

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 $*****. 3 investors participated in its latest round. Mala'a has 6 institutional investors.

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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 03, 2024	4084587	Series A	7556852	6768587	1520764	1189312
Mar 16, 2022	7599103	Seed	7580863	4808647	9042814	Wealth Well & 3 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

Mala'a's employee count trend

Mala'a has 64 employees as of Aug 26. Here is Mala'a's employee count trend over the years:

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

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	Impact46, Khwarizmi Ventures & 4 others	53/100
2nd	Tiqmo 2020, Riyadh (Saudi Arabia), Unfunded	Wallet-enabled money transfer and budgeting solution for individuals	-	-	44/100
3rd	Drahim 2021, Riyadh (Saudi Arabia), Seed	App-based budget management platform for individuals	$500K	Y Combinator, 500 Global	34/100
4th	Mthmr 2020, Jeddah (Saudi Arabia), Seed	Online platform for expense management	$1.6M	Wa'ed Ventures, Dahran Trading Group & 1 others	33/100
5th	Roov 2018, Sint Martens Latem (Belgium), Funding Raised	Personal finance management app	-	thinc.capital	27/100
6th	Mod5r 2020, Riyadh (Saudi Arabia), Funding Raised	Online platform for expense management solutions	-	500 Global	26/100
7th	Horizonbudget 2019, Prague (Czech Republic), Unfunded	Cloud-based budget management platform	-	-	24/100
8th	MyDollars 2017, Wellington (New Zealand), Unfunded	Personal finance management and planning tool	-	-	24/100
9th	Budgetos 2019, Paralimni (Cyprus), Unfunded	Cloud-based expense management platform	-	-	24/100
10th	UmrahCash 2024, Jeddah (Saudi Arabia), Seed	Digital money management platform	$500K	Adaverse	22/100