Oumla, a fintech startup from Saudi Arabia, has raised $2.4 million in seed funding. The round was led by Core Vision, with support from Avalanche and several well-known angel investors.
Oumla was founded in 2022 by Mohammed Aljasser and Salah AlSalman. The company is creating digital asset infrastructure to support businesses, banks, and government organizations in Saudi Arabia and other regions.
Its services include secure storage and management of digital assets, blockchain network connectivity, and a tokenisation platform that can be used for both financial and real estate assets.
With the new funding, Oumla plans to grow its tech team, work on meeting regulatory requirements, and build stronger partnerships with banks, regulators, and public sector organizations in Saudi Arabia and the wider MENA region.
The startup sees itself as a key player in driving blockchain adoption. It offers white-label solutions that help traditional businesses and institutions digitize assets while staying compliant with local laws and regulations.
As part of Vision 2030, Saudi Arabia is working to modernize its financial infrastructure. Startups like Oumla are well-positioned to play an important role in enabling Web3 adoption.
By providing secure, interoperable, and regulation-compliant infrastructure, Oumla is targeting the rising demand from banks, government bodies, and large companies that want to explore tokenized asset models.
The involvement of Avalanche, a leading layer-1 blockchain network, shows the global interest in MENA’s digital asset market. It also highlights how traditional finance and blockchain platforms are starting to come together in the region.
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