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Mala offers a buy now, pay later service for businesses.
Founded in 2024 and based in Riyadh, Mala provides a business-focused buy now, pay later service. Its platform supports online shops, telesales, and physical stores and is integrated with the government. The company is led by CEO Musaab Hakami. In October 2024, it raised USD 7 million in pre-seed funding led by VentureSouq, with participation from BECO Capital, M Capital, Access Bridge Ventures, Palm Ventures, Shorooq Partners, Waad Investment, and Distributed Global Ventures.
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