Press Release: Mal Closes Record $230 Million Seed Round to Build World’s First AI-Native Islamic Digital Bank
Mal, the AI-native Islamic digital bank founded by serial fintech entrepreneur Abdallah Abu-Sheikh, is gearing up for its official launch following a strategic $230M seed raise, the largest seed round in MEA history. Led by global investment platform BlueFive Capital, alongside other strategic investors and family offices, the round brings together a global network of backers aligned with Mal’s mission to build a smart, ethical, and inclusive financial service.
Source: Zawya (link opens in a new window)
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