- Madkhol Capital secured $2.2 million in Seed funding co-led by Seize Institute and numu Angel Investing Community.
- The funding will support AI-driven fintech solutions, expanding financial inclusion and modernizing investment services.
- The company aligns with Saudi Vision 2030’s goals to promote innovation and financial accessibility in the region.
Riyadh, Saudi Arabia – Madkhol Capital, a fintech innovator specializing in robo-advisory investment solutions, has successfully closed a $2.2 million Seed funding round. The investment was co-led by Seize | Institute of Consulting and Business Solutions and numu Angel Investing Community, with additional contributions from prominent angel investors.
Founded in 2023, Madkhol Capital operates under the regulatory approval of the Financial Market Authority, offering AI-driven, Shariah-compliant portfolio management solutions. The company’s mission is to democratize wealth management and expand financial inclusion across Saudi Arabia.
Strategic Investment for Growth
Saad Bin Atyan, Co-Founder and CEO of Madkhol Capital, emphasized the importance of this investment in supporting the company’s growth trajectory. “This funding validates our vision to transform financial services through technology, aligning with Saudi Vision 2030’s goals. With this capital, we will accelerate the development of AI-powered investment solutions, expand our customer base, and explore new market opportunities,” Bin Atyan stated.
Investor Confidence in Fintech Potential
Dr. Awad Al Ruwaithi, CEO of Seize | Institute of Consulting and Business Solutions, highlighted the growing potential of WealthTech and robo-advisory services in the region. “Madkhol Capital has positioned itself as a leader in the evolving fintech landscape. Their ability to modernize traditional investment systems makes them a valuable player in Saudi Arabia’s financial sector,” he noted.
Similarly, Fahad Al Mansur, CEO of numu Angel Investing Community, underscored the significance of supporting tech-driven startups. “We are committed to fostering an ecosystem where innovative financial technologies can thrive. Madkhol Capital exemplifies the kind of disruptive potential we look for—leveraging AI to build a sustainable and inclusive financial future,” he said.
The Future of Madkhol Capital
With the newly secured funding, Madkhol Capital aims to refine its AI-driven advisory tools, enhance its platform’s accessibility, and deepen its market presence. The company’s long-term vision includes introducing cutting-edge financial solutions that empower individual investors while ensuring compliance with Saudi Arabia’s financial regulations.
As fintech adoption continues to rise in the Middle East, Madkhol Capital’s strategic direction aligns with the region’s growing demand for digital investment solutions. The backing of key investors further strengthens the company’s potential to redefine financial services in Saudi Arabia and beyond.
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Last Updated on February 11, 2025 by Safiya K
