Malaa Technologies

Malaa Technologies, a Saudi Arabian fintech startup founded in November 2020 by Ali Alorainy and Faisal Alqarni, offers a comprehensive personal wealth management app designed to enhance financial literacy and promote savings. The app integrates users' bank accounts through a secure gateway, allowing them to track all expenditures from a single dashboard. It provides tools for expense management, budgeting, and automated investing based on individual budgets and goals. Malaa leverages cutting-edge technologies such as big data, artificial intelligence, and open banking to help users make informed financial decisions. The platform also includes robo-advisory services, offering automated investment strategies and access to SNB Capital’s funds and products. Malaa's services are Shariah-compliant, ensuring alignment with Islamic financial principles. The company has raised $1.7 million in a Seed round and has partnered with SNB Capital to further enhance its offerings and support the growth of Saudi Arabia's fintech sector in line with Vision 2030