Fundraising News

Hakbah, the Saudi-based fintech savings platform, has closed a US$2 million pre-Series A funding round, securing its first institutional capital as it prepares to scale operations in the Kingdom. The round included participation from Global Ventures and DIFC-based Aditum Investment Management, and follows regulatory approval from the Saudi Central Bank (SAMA).

"Global Ventures - MENA’s leading venture capital firm and DIFC-based Aditum Investment Management participated in the round, providing Hakbah with its first institutional capital," Hakbah said in a statement announcing the raise.

Deal details and investors

The pre-Series A injection values the strategic importance of savings-focused fintech solutions in Saudi Arabia. Global Ventures, a prominent MENA venture capital firm, and Aditum Investment Management, which operates out of the Dubai International Financial Centre (DIFC), were named as participants in the US$2 million round. The financing represents Hakbah’s first institutional backing and arrives after the startup secured approval from the Saudi Central Bank, known as SAMA.

Company background and product focus

Hakbah positions itself as a savings platform tailored to Saudi customers, aiming to modernise and digitise traditional saving habits through a fintech interface. While detailed product descriptions and user metrics were not disclosed in the financing announcement, the capital raise signals investor confidence in the company’s business model and regulatory standing following SAMA approval.

The funding sits within a broader period of activity across financial technology firms in the region and globally, where targeted seed and pre-Series A rounds continue to support product development and market entry. For Hakbah, the US$2 million will likely be deployed to accelerate product roll-out, expand the team, and deepen market penetration among retail savers in Saudi Arabia.

Context within the wider fintech fundraising landscape

• Hakbah’s raise is one of several notable fintech financings in recent periods, reflecting continued investor interest in payments, wallet and savings products.
• Global Ventures’ participation underscores the firm’s ongoing deployment of capital across MENA startups, while Aditum Investment Management’s involvement signals DIFC-based investors’ appetite for Saudi fintech exposure.
• Regulatory approval from SAMA is a key milestone for fintechs operating in Saudi Arabia, enabling companies like Hakbah to pursue scaled offerings within the Kingdom’s regulated financial services environment.

Outlook

With institutional backing now secured, Hakbah will face the operational challenge of converting capital into user growth and product traction. Access to funding from established regional investors provides both cash runway and validation that can help in subsequent fundraising rounds. The next steps for Hakbah are likely to include product expansion, customer acquisition initiatives and preparation for a Series A round as it seeks to consolidate its position in Saudi Arabia’s competitive fintech landscape.