Hakbah

Active

A mobile app that digitizes the traditional Gulf group-savings circle (jameya), letting users create savings groups, schedule contributions and receive payouts via bank transfer.

Riyadh, Saudi ArabiaFounded 2018

Fintech

Series A

Website LinkedIn Crunchbase

Hakbah (legally Noon Hakbah for Information Technology) is a Riyadh-based fintech that modernizes the traditional 'jameya' rotating savings-group model into a regulated digital app operating under a Saudi Central Bank (SAMA) regulatory-sandbox permit. Founded in 2018 by Naif AbuSaida, it has grown to over 2 million registered users and raised a $5.1M Series A round in December 2023.

Founders

Naif AbuSaida

Founder & CEO

Funding Rounds

Series ADec 2023

$5.1M

Lead: VentureSouq

Investors: VentureSouq, M-Capital, Bunat Ventures, Global Ventures, Aditum Investment Management

Investors: VentureSouq, M-Capital, Bunat Ventures, Global Ventures, Aditum Investment Management.

Something here wrong?

Every figure on this page is meant to have a source behind it. If one doesn't match reality, tell us and we'll fix it.