Saudi-based fintech startup Hakbah raises $1.2 million seed round

Hakbah platform, which specializes in alternative savings and Savings Groups, announced the closure of its seed round with a value of USD 1.2 million (SAR 4.5 million), with the participation of a group of investors, after six months of obtaining the approval of the Saudi Central Bank (SAMA) to launch its commercial services in the Kingdom at the end of July 2020.

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