Saudi Fintech Hakbah Closes $2 Million Pre-Series A Funding Round

Saudi Fintech Hakbah Closes $2 Million Pre-Series A Funding Round

By Press Release, 12 April 2023
Saudi Fintech Hakbah Closes $2 Million Pre-Series A Funding Round
  • Saudi Arabia-based fintech Hakbah has closed a $2 million pre-Series A funding round, financed by Global Ventures and Aditum Investment Management.
  • Founded in 2018 by Dimitar Kazakov and Naif AbuSaida, Hakbah is a social savings platform that allows users to save and access funds through the rotating savings and credit association (ROSCA) method.
  • Proceeds will be used to accelerate Hakbah’s presence in Saudi Arabia, improve the user journey, and enhance its savings engine algorithm.
  • Company is permitted by SAMA to test its innovative savings services in the Regulatory Sandbox

 

RIYADH, Saudi Arabia — Hakbah, the Saudi-based fintech savings platform, announces its successful closing of

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