• Saudi fintech Blomal Capital has raised a pre-seed round investment round (amount undisclosed) from Falak Investment Hub.
• Founded in 2022 by Abdulaziz Baraqabah, Munthir Alrehaili, Abdulrahman Akram, and Bilal Abduljawad, Blomal is building a digital-first platform for public and private fund access.

Press release:

Falak Investment Hub has announced its investment in Blomal Capital, a Saudi-based fintech startup focused on investment fund distribution, as part of a Pre-Seed funding round. The investment amount was not disclosed.

Founded in 2022 by Abdulaziz Baraqabah, Munthir Alrehaili, Abdulrahman Akram, and Bilal Abduljawad, CFA, CAIA, Blomal Capital is developing a digital-first platform that simplifies access to both private and public investment funds. The platform is designed to streamline the investment process while maintaining transparency, efficiency, and accessibility.

Falak Angels emphasised that this investment aligns with its strategy to fund early-stage fintech startups in Saudi Arabia. By supporting Blomal, Falak aims to strengthen the Kingdom’s digital investment infrastructure and enable innovative solutions to meet the needs of regional investors and institutions.