MDD
ActiveA B2B fintech-enabled supply-chain and procurement management platform (its 'OFSP' methodology) covering order initiation, financing, sourcing, and payment for Saudi businesses.
Founded in Riyadh in mid-2019 by CEO Musaab Almashaan, MDD is a supply-chain and procurement fintech that has received preliminary approval from the Saudi Central Bank (SAMA) for its financing model. It closed a Series A round in May 2024 widely reported as $26.6M (SAR 100M+), though some outlets frame the SAR 100M+ figure as the post-money valuation on a 5% stake sale rather than the raise amount -- press coverage is inconsistent on this point. No parent or holding company was found.
Founders
Musaab Almashaan
Founder & CEO
Funding Rounds
Investors: undisclosed private investor
Investors: undisclosed private investor.
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