RIYADH: Malaa Technologies, a Saudi-based fintech startup, has raised SR6.4 million ($1.7 million) in a seed round. Contributors included capital investors Impact46, Khawarzmi Ventures, Venture Souq, WealthWell, and others. The startup recently obtained a permit from the Saudi Central Bank that would allow it “to operate open banking activities” to help users make better
RIYADH: Fintech company Malaa Technologies has obtained a permit from the Saudi Central bank, or SAMA, to engage in open banking activities in the Kingdom. The company, which was incubated by Aramco Wa’ed, was authorized to operate 12 months after it launched its services within the experimental environment as the first fintech to deploy its solution in the market, according