BitMal

Startups & Scaleups

Information

BitMal is an award-winning social fintech solution  that enables transparent and impactful fund distribution while fostering socio-economic inclusion. BitMal innovative approach allows users to earn and redeem “BitMal Points” in a traceable, gamified way that connects consumer behavior with measurable social impact.  

It is  a trusted fund distribution channel optimizing transparency &  accountability while multiplying impact. BitMal  points enable members of the community to secure their needs with dignity from BitMal social marketplace. 

BitMal has built impressive traction across Saudi Arabia, Lebanon and Jordan through strategic partnerships with organizations such as Takaful Foundation, charity arm of the Ministry of education in Saudi Arabia,, Jahez, Nana, Jarir Bookstore, and more. In Lebanon it partnered with AUB digital skills program/ AUB civic Engagement Center, Kayani Schools and a number of organizations

BitMal is part of a program for fintech start- ups deploying AI technology implemented & spearheaded by the Center of Digital Entrepreneurship/ Ministry of ICT in Saudi Arabia. It previously received support from Harvard Innovation Lab, World Bank Group in DC, Georgetown University, Saudi Telecom Company & received Orange fintech award

Country
Saudi Arabia
Company Industry
Banking/Finance
Sector(s)
Blockchain and DeFiConsumer Tech, Retail and MarketplacesData, Analytics and CybersecurityFintech & Payments
Region(s)
MENA
Stand Number
H3.P161
Investment Stage
Seed

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