- Company announces closing of a $2.4 million Seed funding round
- The round was led by Core Vision with participation from Avalanche and several angel investors
- The deal supports the blockchain and digital assets sector in Saudi Arabia and the wider region
Oumla, the Saudi-based startup specializing in digital assets infrastructure, has successfully closed a Seed funding round worth $2.4 million.
The round was led by Core Vision, with participation from Avalanche alongside a group of angel investors.
Importance of the Round
This investment reflects the growing interest from investors in the blockchain and digital assets sector across Saudi Arabia and the broader region.
The newly raised funds will be directed towards expanding Oumla’s teams and attracting specialized talent in cybersecurity, digital infrastructure, and asset custody solutions.
Additionally, the company plans to strengthen its strategic partnerships with regulatory bodies, banks, and government entities both inside and outside the Kingdom.
This direction highlights Oumla’s commitment to reinforcing Saudi Arabia’s position as a leading regional hub for fintech and digital innovation, in line with the Kingdom’s Vision 2030 objectives of advancing digital transformation and economic diversification.
About Oumla
Founded in 2022 by entrepreneurs Mohammed Al Jasser and Salah Al Salman, Oumla was established to address a clear gap in the Saudi and regional markets regarding digital asset custody and management solutions.
The company offers integrated services for enterprises, banks, and government institutions, including secure platforms to digitize financial and real estate assets and connect them to global blockchain networks.
Oumla provides a trusted infrastructure that enables institutions to adopt digital asset solutions in full compliance with local and international regulations.
This Seed funding round represents a strategic milestone in the company’s journey toward regional expansion.
The digital assets sector is expected to witness rapid growth, fueled by increasing demand for innovative fintech solutions and government initiatives that support digital transformation.
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