Mal raises $230.0M Seed (United Arab Emirates, Jun 2026)
$230.0M
$230MGenerated social card
Headline
Global FinTech Funding Falls 8% in Q1 2026 as AI-Native Startup Mal Raises $230M - Evotek JSC
About
Mal is an AI-native Islamic digital financial platform designed to assist users with everyday financial decisions. It aims to provide innovative financial solutions tailored to the needs of the Islamic finance market. The startup raised $230 million in seed funding to accelerate product development and expand its operations in high-growth markets.
Article summary
Global FinTech Funding Falls 8% in Q1 2026 as AI-Native Startup Mal Raises $230M Evotek JSC
Investors · 1
BlueFive CapitalLead
FUND
Related rounds
| Jun 27, 2026 | AXON | $1.0M | Seed | United Arab Emirates |
| Jun 24, 2026 | Emirates NBD | $1.50B | Debt | United Arab Emirates |
| Jun 22, 2026 | Rentify | $2.0M | Seed | United Arab Emirates |
| Jun 16, 2026 | Sovra | $2.0M | Pre-seed | United Arab Emirates |