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Blomal is a digital investment platform based in Jeddah, Saudi Arabia, that provides retail investors with regulated access to diversified private and public market funds without traditional accreditation requirements. The financial technology company lowers capital entry barriers for users by offering fractional investment minimums ranging from SAR 100 to SAR 1,000 per unit. Operating with a dedicated team of 6 to 10 employees, the platform generates revenue through a three-tier subscription model for public equities. For private markets, the firm charges flat subscription fees of 2% per fund alongside a 1% management fee collected directly from fund managers. The seed-stage enterprise has participated in the Flat6Labs accelerator program and garnered financial backing from early investors including Jeddah Angels and Bilal Abduljawad. Blomal was founded in 2021 by Abdulaziz Baraqabah, Munthir Alrehaili, Hazefa Alolyan, and Bilal Abduljawad.
Blomal has raised $200K across 1 funding round.
Blomal has raised $200K in total across 1 funding round.
Blomal has raised $200K across 1 funding round. Most recently, it raised $200K Other Equity in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 25, 2024 | $200K Venture Round | Flat6Labs | — | Announced |
Blomal has raised $200K in total across 1 funding round.
Blomal's investors include Flat6Labs.
