Madkhol Capital Secures $2.2 Million in Seed Funding
In a groundbreaking move, Madkhol Capital, a fintech disruptor specializing in cutting-edge robo-advisory investment solutions, has officially closed its $2.2 million Seed funding round. This momentous achievement was made possible through the collaborative efforts of the prestigious Institute of Consulting and Business Solutions and the forward-thinking numu Angel Investing Community, along with the support of prominent individual Angel investors.
Revolutionizing Financial Inclusion
Established in 2023 after obtaining regulatory approval from the Financial Market Authority, Madkhol Capital is on a mission to empower investors with innovative AI-driven, Shariah-compliant portfolio management tools that aim to democratize access to wealth growth opportunities.
Saad Bin Atyan, the Co-Founder and CEO of Madkhol Capital, expressed heartfelt gratitude to the investors, stating, “This funding serves as a testament to the belief in our vision to revolutionize financial inclusion and align with the ambitious goals of Saudi Vision 2030. Through the utilization of state-of-the-art technology, we are committed to bridging the gaps in the financial sector, enabling individual investors to achieve sustainable growth. These funds will propel the development of AI-powered solutions, broaden our client base, and unlock new market horizons.”
Dr. Awad Al Ruwaithi, CEO of the Institute of Consulting and Business Solutions, emphasized Madkhol Capital’s strategic positioning, saying, “Our investment underscores the vast potential of the WealthTech and robo-advisory sectors. Madkhol’s unique business model and ability to modernize traditional financial systems distinguish them as a trailblazer in Saudi Arabia’s ever-evolving fintech landscape.”
Fahad Al Mansur, CEO of the numu Angel Investing Community, stressed the importance of collaboration, stating, “Numu is dedicated to fostering a vibrant ecosystem for tech startups and angel investors. Madkhol Capital epitomizes the type of transformative opportunities we are passionate about—innovative technologies that fortify economic foundations and propel digital infrastructure forward, laying the groundwork for a sustainable future.”
Based in Riyadh, Madkhol Capital is a fintech powerhouse that is reshaping the landscape of investment management through its AI-driven robo-advisory platforms. Regulated by the Financial Market Authority, the company seamlessly integrates cutting-edge technology with financial expertise to deliver accessible, transparent, and personalized wealth management solutions.
The numu Angel Investing Community serves as a vital link between visionary investors and promising startups, driving innovation and economic diversification in alignment with the visionary goals of Saudi Arabia’s Vision 2030.
