# Maysan Financial Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/maysan-financial-technology

- Industry: Financial Services
- Headquarters: Riyadh, Saudi Arabia
- Website: www.dawul.net
- Total disclosed funding: $5M
- Latest round: Seed (Jan 9, 2022)
- Investors on record: 5

## About

Based in Riyadh, Saudi Arabia, and founded in 2020 by its CEO, Mr. Mansour Al-Harbi, Maysan Financial Technology, trading as Dawul, operates as a financial technology company and is a social trading platform that helps investors execute trades or follow professional traders and their investment strategies. In January 2022, Maysan Financial Technology raised USD 5 million in seed funding led by RAED Ventures with participation from Impact46, Seedra Ventures, Derayah Ventures, and Sukna Ventures.

Maysan Financial Technology operates Dawul, a mobile application authorized by the Capital Market Authority that enables an investor to share the financial position and the deals executed to guide others through their investment strategies. The Dawul allows viewing the financial position of the expert, knowing the risk index and profit ratio for two years, and instant alerts for expert buys and sells, cash distributions, withdrawals, and deposits. The platform is compatible with iOS and Android devices.

The company will use the seed funding to stretch its offerings as well as expand its network in MENA, the US, and the UK while focusing its efforts on recruiting talent in the fintech industry.

## Funding rounds

- Seed, Jan 9, 2022, $5M — RAED Ventures, Derayah Ventures, Impact46, Seedra Ventures, Sukna Ventures

## Investors

- RAED Ventures (https://capitalatlas.ai/funds/raed-ventures) — Seed
- Derayah Ventures (https://capitalatlas.ai/funds/derayah-ventures) — Seed
- Impact46 (https://capitalatlas.ai/funds/impact46) — Seed
- Seedra Ventures (https://capitalatlas.ai/funds/seedra-ventures) — Seed
- Sukna Ventures (https://capitalatlas.ai/funds/sukna-ventures) — Seed