Overview
mal, an Abu Dhabi-based fintech, secured $230 million in seed funding, the largest in MEA history. Led by Bluefive Capital, it aims to create the world's first AI-native Islamic digital bank, addressing a $7 trillion market gap for underbanked communities.
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Mal Breaks MEA Records with $230m Seed Round to Build ‘World’s First’ AI-Native Islamic Digital BankInvestors: Bluefive Capital
mal, an Abu Dhabi-based fintech, secured $230 million in seed funding, the largest in MEA history. Led by Bluefive Capital, it aims to create the world's first AI-native Islamic digital bank, addressing a $7 trillion market gap for underbanked communities.