MADKHOL CAPITAL SECURES $2.2 MILLION SEED FUNDING ROUND
In a groundbreaking move, Madkhol Capital, a fintech trailblazer specializing in cutting-edge robo-advisory investment solutions, has successfully closed a $2.2 million Seed funding round. This significant milestone was made possible through the combined leadership of Seize | Institute of Consulting and Business Solutions and numu Angel Investing Community, with support from prominent individual Angel investors.
Established in 2023 after receiving 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. This initiative aims to democratize access to wealth growth opportunities and revolutionize the financial sector.
Saad Bin Atyan, the Co-Founder and CEO of Madkhol Capital, expressed gratitude towards the investors, emphasizing the significance of the funding round. He stated, “This funding underscores confidence in our mission to revolutionize financial inclusion and align with Saudi Vision 2030’s goals. By leveraging cutting-edge technology, we aim to bridge gaps in the financial sector, enabling individual investors to achieve sustainable growth. These funds will accelerate the development of AI-powered solutions, expand our client base, and unlock new market opportunities.”
Dr. Awad Al Ruwaithi, CEO of Seize | Institute of Consulting and Business Solutions, highlighted Madkhol Capital’s strategic positioning in the WealthTech and robo-advisory markets. He stated, “Our investment reflects the immense potential of WealthTech and robo-advisory markets. Madkhol’s specialized business model and ability to modernize traditional financial systems set them apart as a leader in Saudi Arabia’s evolving fintech landscape.”
Fahad Al Mansur, CEO of numu Angel Investing Community, emphasized the importance of collaboration in fostering a thriving ecosystem for tech startups and angel investors. He stated, “Numu is committed to fostering a thriving ecosystem for tech startups and angel investors. Madkhol Capital exemplifies the transformative opportunities we seek—innovative technologies that strengthen economic foundations and advance digital infrastructure, paving the way for a sustainable future.”
Madkhol Capital, based in Riyadh, is at the forefront of revolutionizing investment management through AI-driven robo-advisory platforms. Regulated by the Financial Market Authority, the company combines advanced technology with financial expertise to deliver accessible, transparent, and personalized wealth management solutions.
numu Angel Investing Community plays a crucial role in connecting visionary investors with high-potential startups, driving innovation and economic diversification in alignment with Saudi Arabia’s Vision 2030.
