Saudi Arabia-based fintech Oumla has successfully closed a $2.4 million Seed funding round to develop digital asset infrastructure in the Kingdom and the wider region. The investment was led by Core Vision, with participation from Avalanche and a group of angel investors.
Strategic Seed Funding
The newly acquired capital is earmarked for significant team expansion and the cultivation of strategic partnerships with key stakeholders. Oumla aims to strengthen its relationships with regulators, banks, and various government entities across Saudi Arabia and the broader MENA region, solidifying its position within the burgeoning digital finance ecosystem.
Building Blockchain Infrastructure
Oumla provides foundational technology for institutions engaging with the digital asset economy. Its core services include custody and management solutions for digital assets tailored for corporates, banks, and government bodies. The company also offers robust blockchain network connectivity and a platform designed for the tokenisation of financial and real estate assets, enabling the conversion of tangible assets into tradable digital tokens.
About Oumla
Founded in 2022 by Mohammed Aljasser and Salah AlSalman, Oumla is a fintech startup dedicated to building the infrastructure for digital assets. The company provides a suite of solutions that empower institutions to securely manage, transact, and tokenize assets on the blockchain.
Source: Wamda
