Seed

Series A

Series C

Pre-Series A

Riyadh

Pre-Seed

Aqeel Alrajhi

Shahbaz Khan

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Investment in Startup

Find Wealth Well's investment focus and portfolio highlights in technology. Insights available on Lucidity Insights.

Wealth Well

Wealth Well is an investment and wealth management firm that manages assets across real estate, private equity, and venture capital.

Debt Financing

Tamara

E-Commerce

Fintech

Payments

Retail

Financial Services

Shopping

Digital Payments

Tamara is the leading fintech platform to shop, pay and bank in Saudi Arabia and the wider GCC region, and Saudi’s first fintech unicorn.

Dubai

Klaim

Finance

Insurance

Insurance Technology

SaaS

Klaim is an InsureTech platform offering a SaaS medical claim management and financing platform all in one.

invygo

Rental

invygo app-based car subscription company that gives customers an access to dealership verified cars.

Mala'a Technologies

Mobile Apps

Predictive Analytics

Mala'a Technologies is a leading fintech company that offers a range of data-driven financial products and services for individuals and institutions with its financial app.

Loship

Communities

Abu Dhabi

RemotePass

RemotePass is an all-in-one platform for companies to onboard, manage, pay, and retain remote workers in 150 countries

Cairo

Bosta

Courier Service

Bosta is an e-commerce company that focuses on delivery services for businesses and customers.

Kuwait

Teeela

Teeela is an Online Store that sells Large selection of Toys products for all ages for both kids and adults, Teeela is redefining shopping experience for Toys in the MENA region.

Malaa Technologies, a Saudi-based fintech startup, raised $1.7 million in a seed funding round. The round saw contributions from investors including Impact46, Khawarzmi Ventures, Venture Souq, and WealthWell. The funds will be used to expand the startup's market reach, following its recent permit from the Saudi Central Bank to operate open banking activities.

Saudi fintech Malaa Technologies raises $1.7m in seed round

Saudi Arabia-based buy now pay later (BNPL) startup Tamara, has secured a $6 million (SAR 22.5 million) seed round led by Impact46 with participation from Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala, and Nama, along with multiple family offices. This marks the largest seed round ever raised by a Saudi Arabian startup.

Founded by Abdulmajeed Alsukhan and Turki Bin Zarah and Abdulmohsen Albabtain, Tamara is the first Saudi Arabian fintech startup to acquire a sandbox licence to operate as a BNPL platform.

The fresh funds will help Tamra accelerate its growth plans as well as expand across Saudi Arabia and the UAE. Tamara’s top partners include: Namshi, Whites, Floward, Saif Gallery, Toys R Us in addition to the e-commerce enablers: Salla and Zid. The company has offices in Germany, UAE and Vietnam.

“We enable merchants to grow their sales and entice their customers with our buy now pay later and installment services that do not include any fees the customer has to pay. We strongly believe Tamara will be a game-changer for both merchants and customers. It will positively re-shape the purchasing power in the market”, said Abdulmajeed Alsukhan, CEO and co-founder of Tamara.

Abdulaziz Alomran, CEO of Impact46, added: “The fintech market is expected to reach $33 billion in transaction value by 2023. We believe that buy now pay later is an untapped area in this huge market, and we are proud to support the Saudi pioneers leading Tamara who will surely play a major role in the transformation and future of financial services in KSA & GCC.”

Wealth Well

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

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Top 3 sectors we invest in

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About

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Wealth Well

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 3 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

About

Legal

Social Media

Portfolio Companies
or Investments