Saudi fintech startup Oumla has raised $2.4 million in seed funding to accelerate the development of its digital asset infrastructure. The round was led by Core Vision, with participation from Avalanche and a group of regional angel investors.
Building the Foundations of Digital Assets
Founded in 2022 by Mohammed Aljasser and Salah AlSalman, Oumla is creating the core infrastructure required for digital assets in Saudi Arabia. Its solutions serve corporates, banks, and government institutions, providing:
- Custody and management tools for digital assets.
- Blockchain network connectivity for secure and scalable adoption.
- Tokenisation platforms for financial and real estate assets.
The startup’s approach aims to combine security with accessibility, allowing institutions to integrate digital assets into existing systems with confidence.
Strategic Use of Funding
With the new capital, Oumla plans to:
- Expand its team across technology, compliance, and operations.
- Build partnerships with regulators, banks, and government bodies.
- Strengthen regional collaborations to support adoption across the Middle East.
By working closely with policymakers and financial institutions, Oumla aims to align innovation with compliance, ensuring trust and scalability in the ecosystem.
Digital Asset Growth in Saudi Arabia
The investment reflects the growing momentum of digital finance in Saudi Arabia. The Kingdom is actively promoting blockchain adoption and digital transformation as part of Vision 2030, which includes efforts to diversify its economy and modernize financial services.
Digital asset infrastructure is becoming a cornerstone of this shift. Custody, tokenisation, and blockchain integration are key to enabling:
- New investment products in financial services.
- Real estate tokenisation for broader access and liquidity.
- Government and enterprise adoption of blockchain for secure transactions.
Oumla’s solutions are designed to bridge these needs, offering institutions both innovation and reliability.
Investor Confidence
The participation of Avalanche, a leading global blockchain ecosystem, highlights confidence in Oumla’s vision. Core Vision and regional angel investors also bring expertise in scaling fintech and infrastructure businesses.
Together, this group of backers positions Oumla to become a trusted enabler of digital asset adoption in the Kingdom and beyond.
Looking Ahead
Oumla is now focused on scaling operations and becoming a key player in shaping the region’s digital asset economy. By providing the infrastructure for custody, tokenisation, and connectivity, it aims to set the foundation for Saudi Arabia’s transition toward a more digital and diversified financial system.