# Mthmr

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mthmr

- Industry: Software
- Headquarters: Jeddah, Saudi Arabia
- Website: www.mthmr.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Aug 2, 2023)
- Investors on record: 2

## About

Based in Jeddah, Saudi Arabia, and founded in 2020 by CEO Abdulrahman Bin Nujayfan, and Abdulrahman Qumsani, Mthmr operates as a provider of financial services, allowing users to manage their finances using an application. In August 2023, Mthmr raised SAR 6 million in venture funding co-led by Dahran Trading Group, Dahran Trading Group, and Waed Ventures.

The company provides a personal finance management platform that allows individuals to monitor personal expenditures and boost their savings effectively. The platform offers access to the latest deals and offers, strengthening their saving capabilities and ensuring financial balance. In addition, Mthmr provides users with a variety of tools, such as cashback, roundup, and recurring and direct deposits, which all go directly to the user savings account, and enable them to invest their savings in shariah-compliant portfolios.

The company plans to use its proceeds from August 2023 funding to enhance its platform as well as services.

## Funding rounds

- Seed, Aug 2, 2023, $1.6M — Dahran Trading Group, Le Augure

## Investors

- Dahran Trading Group — Seed
- Le Augure (https://capitalatlas.ai/funds/le-augure) — Seed