Oumla Raises $2.4 Million to Develop Digital Asset Infrastructure in Saudi Arabia
Saudi Arabia’s burgeoning fintech scene has received another boost with Oumla, a digital asset infrastructure startup, securing a $2.4 million seed funding round. This investment, led by Core Vision and supported by Avalanche and various angel investors, signals growing confidence in the potential of blockchain and digital assets within the Kingdom. Oumla aims to leverage this funding to establish itself as a key player in the region’s evolving financial landscape.
Building the Foundation for Digital Assets in KSA
Founded in 2022 by Mohammed Aljasser and Salah AlSalman, Oumla is focused on providing essential digital asset infrastructure. This includes custody and management solutions, blockchain connectivity, and tokenization platforms designed for both financial and real estate assets. The company’s comprehensive approach aims to bridge the gap between traditional finance and the emerging world of digital assets, paving the way for wider adoption and innovation within Saudi Arabia. With the newly acquired capital, Oumla plans to expand its team and forge strategic partnerships with key stakeholders, including regulators, banks, and government bodies, across Saudi Arabia and the broader region.
This seed funding marks a significant step for Oumla and reflects the increasing interest in digital asset solutions within the Saudi Arabian market. By focusing on building robust and compliant infrastructure, Oumla is poised to contribute significantly to the growth and development of the digital asset ecosystem in the region.
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Related Keywords: Oumla, Saudi Arabia, digital asset infrastructure, cryptocurrency, blockchain, funding, 24 million investment, KSA fintech, digital asset platform
