Mal
Latest round
- Seed
Last raised
- Jan 2026
Total raised
- $230M
Investors
- 1
About Mal
Established in 2025, Mal was founded by fintech entrepreneur Abdallah Abu-Sheikh. The company emerged with the goal of addressing service gaps in global financial inclusion and Islamic digital banking. Mal is developing a mobile-first digital banking platform intended to provide core financial tools such as onboarding, account access, payments, and budgeting. Its design emphasizes usability for underserved users and aims to incorporate AI-enabled functionality to enhance operational efficiency and reduce friction in everyday financial tasks. The platform also aligns with Islamic banking principles, positioning it within a sector that requires adherence to specific financial frameworks.
Who invested in Mal
1 investor across 1 round
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Funding rounds
Seed
Jan 13, 2026
Amount
$230M
Investors
Questions about Mal
Who invested in Mal?
Mal has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Mal raised?
Mal has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Mal last raise money?
Mal's most recent round on record is a Seed, in Jan 2026.
What does Mal do?
Established in 2025, Mal was founded by fintech entrepreneur Abdallah Abu-Sheikh.
Where is Mal headquartered?
Mal is headquartered in Abu Dhabi, United Arab Emirates.
Which VCs invest in companies like Mal?
Among active investors with capital left to deploy, 360 ONE, Gopher Asset Management, DSC Investment and Stellaris Venture Partners back financial services companies at Mal's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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