• Saudi Arabia-based fintech Oumla has raised a $2.4 million seed round led by Core Vision, with participation from Avalanche and angel investors.
• Founded in 2022 by Mohammed Aljasser and Salah AlSalman, the company provides digital asset custody and management solutions, blockchain connectivity, and tokenisation platforms for financial and real estate assets.
• The funding will go toward expanding the team and building partnerships with regulators, banks, and government bodies across Saudi Arabia and the region.

Press release:

Saudi startup Oumla, specialising in digital asset infrastructure, has raised $2.4 million in seed funding led by Core Vision, with participation from Avalanche and a group of angel investors.

The funds will be used to expand the team and strengthen partnerships with regulators, banks, and government entities in Saudi Arabia and the wider region.

Founded in 2022 by Mohammed Aljasser and Salah AlSalman, Oumla provides custody and management solutions for digital assets to corporates, banks, and government entities, enabling blockchain network connectivity and offering a platform for the tokenisation of financial and real estate assets.