Pre-Seed · Fintech
TalMal secures pre-seed investment from MM Partners
The Saudi fintech will expand its employer and merchant network for salary-linked purchasing.
TalMal has closed a pre-seed round of undisclosed size with participation from MM Partners. The investment supports commercial expansion in Saudi Arabia after the company developed and validated its business model.
The platform connects employees, employers and merchants: workers buy using purchasing capacity tied to their salaries, while employers facilitate repayment. TalMal plans to grow its employee user base and strengthen the technology supporting these transactions.
Use of funds
Expand its corporate and merchant network
Grow its employee user base
Further develop its technology infrastructure
Funding history
Pre-Seed · This roundUndisclosed