Saudi fintech Blomal Capital has secured pre-seed funding from Falak Investment Hub, marking a crucial step in its journey to reshape investment fund accessibility in the Kingdom. While the exact investment amount remains undisclosed, the backing highlights growing confidence in Blomal’s vision and its role in the country’s evolving fintech landscape.
Founded in 2022 by Abdulaziz Baraqabah, Munthir Alrehaili, Abdulrahman Akram, and Bilal Abduljawad (CFA, CAIA), Blomal is building a digital-first investment platform designed to make fund access more transparent, efficient, and inclusive.
Bridging the Gap in Fund Distribution
Traditionally, access to both private and public funds has been complex, fragmented, and often limited to certain segments of investors. Blomal seeks to bridge this gap by offering:
- Simplified access to diverse funds in one platform
- Transparency across the investment journey
- Efficiency in fund management and onboarding
- Greater inclusivity for a wider range of investors
By digitizing fund distribution, Blomal aims to reduce barriers that have historically kept many investors from participating in broader market opportunities.
Strategic Backing from Falak
Falak Investment Hub’s participation underscores the strategic importance of this fintech play. As one of Saudi Arabia’s most active early-stage investors, Falak has a track record of nurturing startups that align with the Kingdom’s digital transformation goals.
In announcing the deal, Falak Angels highlighted that their support for Blomal is consistent with their focus on strengthening the digital investment infrastructure of Saudi Arabia. The move reflects a broader push to empower fintech solutions that cater to both individual investors and institutions across the region.
Founders’ Vision
Blomal’s founding team brings a mix of financial expertise and entrepreneurial drive. Their mission is to reimagine fund access for a digital-first era, where investors can seamlessly navigate opportunities without traditional frictions.
By creating a streamlined gateway to investment funds, the platform is expected to serve as a key enabler for:
- âś… Wealth managers looking for scalable solutions
- âś… Institutional investors seeking efficient fund access
- âś… Individual investors eager to diversify portfolios
The emphasis remains on accessibility, ensuring that investment opportunities are no longer confined to a limited few.
What’s Next for Blomal
With fresh capital secured, Blomal aims to accelerate product development and scale its platform. The focus will be on:
- âś… Enhancing digital infrastructure to handle diverse fund offerings
- âś… Building investor trust through transparency and compliance
- âś… Expanding market presence to attract both local and regional users
Final Thoughts
Blomal Capital’s pre-seed raise is not just about startup funding. In essence, it signals a shift in how Saudi Arabia approaches investment accessibility. With strong backing from Falak, Blomal is poised to play a central role in democratizing fund distribution, aligning perfectly with the Kingdom’s fintech ambitions under Vision 2030.