Saudi Fintech Muhlah Raises $7.5M in Seed Funding Led by BIM Ventures
The company, a spinoff from BIM Ventures, focuses on Shariah-compliant digital microfinance products for individual borrowers.
Muhlah, a Saudi-based fintech focused on digital microfinance, has raised $7.5 million in a seed funding round as it builds regulated financial products for individual borrowers.
The round was led by BIM Ventures, with participation from AlSuhaimi Holding Group, Fakhr Investment Holding Company and undisclosed international investors.
Muhlah operates as a spinoff from BIM Ventures, which was founded in 2024. The company focuses on providing Shariah-compliant microfinance services delivered through digital platforms.
The fintech has also obtained a licence from the Saudi Central Bank, allowing it to offer regulated financial products in the Kingdom’s expanding digital finance sector.
The company’s offering centres on digital microfinance solutions designed for individual borrowers, aligning with Saudi Arabia’s broader push toward regulated, technology-driven consumer finance services.
The new funding will support the development and rollout of Muhlah’s microfinance platform as it seeks to expand access to regulated financing tools under the oversight of the Saudi Central Bank.
