Madkhool Capital, a Saudi-based fintech startup, has announced the closing of a $2.2 million (SAR 8.25 million) Seed Round led by Numu Angels, with the participation of family offices and angel investors.

More to Know:

• Madkhool was founded in Saudi Arabia by Saad Bin Atyan and launched its services in 2023.
• It offers financial planning and wealth management solutions, such as Robo-Advisory.
• The startup was granted a fintech permit to test the robo-advisor by the Saudi Capital Market Authority (CMA).
• According to the statement, the company will use the funds to continue developing fintech products.