Saudi fintech startup secures $1.2m seed funding
RIYADH: A Saudi financial technology company has raised $1.2 million in seed funding. Hakbah’s success comes six months after the Riyadh-based startup received regulatory approval from the Saudi Central Bank (SAMA) to operate in the Kingdom. The specific investors behind the financing have not been revealed. Founded in late 2018 by Naif AbuSaida, Hakbah specializes in alternative saving and savings groups. On its LinkedIn profile, the firm describes its mission “is to digitize financial habits by developing innovative savings products that help increase financial inclusion, support a non-...
Source: arabnews.com