Abu Dhabi-based Islamic fintech closes record seed round
Abu Dhabi-headquartered Islamic digital bank, Mal, has raised the largest seed round in Middle East and Africa, as it gears up for launch later this year.
The Islamic fintech raised $230 million in seed funding, led by global investment platform BlueFive Capital, alongside other strategic investors and family offices.
The funding will accelerate product development, licensing efforts in multiple markets, and the go-to-market strategy, the company said in a statement.
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