Falak Investment Hub has announced its investment in Blomal Capital, a Saudi-based financial technology startup specializing in investment fund distribution, as part of a Pre-Seed funding round. The amount invested was not disclosed.
Founded in 2022 by Abdulaziz Baraqabah, Munthir Alrehaili, Abdulrahman Akram, and Bilal Abduljawad, CFA, CAIA, Blomal Capital is building a digital-first platform that provides investors with seamless access to a wide variety of private and public investment funds. The platform is designed to simplify the investment process while ensuring transparency and efficiency.
Falak Angels highlighted that this investment reflects its commitment to supporting early-stage fintech startups in the region. By backing Blomal, the network seeks to enhance the digital infrastructure of Saudi Arabia’s investment sector and foster innovative solutions tailored to the rapidly evolving needs of regional markets.
