Tech Company Financing Transactions
Hakbah Funding Round
VentureSouq, Aditum Bio and Bunat Ventures invested in a $5.1 million Series A venture round for Hakbah. The funding round was announced on 12/20/2023.
Transaction Overview
Company Name
Announced On
12/20/2023
Transaction Type
Venture Equity
Amount
$5,100,000
Round
Series A
Investors
Proceeds Purpose
Proceeds of the Series A funding round will be used for further product development, with a strong focus on Machine Learning and further developing the Company's easily integrable savings engine.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
8156 King Abdulaziz Road, Alsahafa Dirt Unit 126
Riyadh, 13321-4391
Saudi Arabia
Riyadh, 13321-4391
Saudi Arabia
Phone
Website
Email Address
Overview
Developer of a savings financial technology platform intended to digitalize financial habits and leverage the data, needs, and behaviors. The company's application can be used to create new savings groups or join public ones for saving money with others, including time-based savings and other customizations, the users can pay their installments when they join a group by using their debit card and withdraw the money to their bank account whenever it's their turn to receive the pool, enabling users to initiate, manage, join and pay for the savings groups.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Technical Officer
Dimitar Kazakov
Co-Founder
Naif AbuSaida
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We do our best to document funding rounds that are announced publicly. VC investment data records reported here are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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