Souqalmal
Founded Year
2012Stage
Corporate Majority | AcquiredTotal Raised
$15.9MAbout Souqalmal
Souqalmal provides a financial comparison site. It enables consumers to compare credit cards, personal loans, insurance plans, mortgages, mobile phone plans, and car loans. It was founded in 2012 and is based in Dubai, United Arab Emirates. In March 2022, Souqalmal was acquired by SHUAA Capital.
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Expert Collections containing Souqalmal
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Souqalmal is included in 1 Expert Collection, including Insurtech.
Insurtech
4,174 items
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Latest Souqalmal News
Mar 23, 2022
Dubai Financial Market-listed SHUAA Capital psc, which is the leading asset management and investment banking platform, has completed a strategic investment in UAE-based fintech Souqalmal. The investment will provide growth capital, enabling Souqalmal to carry out an aggressive growth strategy over the next 24 months. Following the investment, Ambareen Musa, the founder and CEO of Souqalmal, will continue to lead the company and oversee the expansion of its services. SHUAA joins existing strategic investors Riyad Capital and UK comparison website GoCompare, both of which will remain Souqalmal shareholders. This investment contributes to SHUAA's strategy of expanding its digital offerings and improving personal finance and investment opportunities for consumers. Furthermore, this vision aligns with Souqalmal's future growth as the company seeks to strengthen its offering and develop a personal financial management platform that includes financial education and awareness.
Souqalmal Frequently Asked Questions (FAQ)
When was Souqalmal founded?
Souqalmal was founded in 2012.
Where is Souqalmal's headquarters?
Souqalmal's headquarters is located at Dubai.
What is Souqalmal's latest funding round?
Souqalmal's latest funding round is Corporate Majority.
How much did Souqalmal raise?
Souqalmal raised a total of $15.9M.
Who are the investors of Souqalmal?
Investors of Souqalmal include SHUAA Capital, 500 Global, UAE Exchange Centre, Endeavor, Gocompare.com and 7 more.
Who are Souqalmal's competitors?
Competitors of Souqalmal include Money254 and 1 more.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Compare Souqalmal to Competitors
InsuranceMarket.ae is an insurance brokerage firm that provides insurance, car insurance, health insurance, business insurance, and home insurance. It is based in Dubai, United Arab Emirates. It is a division of AFIA Insurance Brokerage Services L.L.C.
Evolve Credit provides a cloud lending platform. The platform helps lenders, businesses, and other credit institutions to manage the entire lending process. It offers its service to various industries such as healthcare, financial services, collection agencies, and more. It was founded in 2019 and is based in Lagos, Nigeria.
Lami operates as an insurance application programming interface (API) platform. It enables businesses to automate underwriting, reduce claim ratios, receive coverages, and improve profitability. The company was founded in 2018 and is based in Nairobi, Kenya.
yallacompare provides a comparison platform for users to compare and apply for bank accounts, insurance policies, credit cards, loans, cars, and more. The company was formerly known as Compareit4me. It was founded in 2011 and is based in Dubai, United Arab Emirates.
Loanspot is a digital asset platform that provides information on loans and credit access, to our audience for smart decisions.
Beema Insurance offers car insurance with cashback, home insurance and travel medical insurance. It is based in Dubai, United Arab Emirates.
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