AI start-up Mal carries Middle East FinTech in H1 with mega-funding round
Abu Dhabi-based AI start-up Mal raised a $230 million mega-round — about 37% of MENA fintech funding in H1 2026 — helping keep regional headline fintech funding robust despite a sharp drop in deal volumes. Other notable rounds included UAE-based Fasset ($51m) and Saudi rounds led by Madfu ($26m) and Stitch ($25m).
