back Back

Mthmr secures 6m SAR to enhance personal finance management

By Delisha Fernandes

August 03, 2023

  • Expense Management
  • Fintech news
  • FinTech Saudi Arabia
Share

Mthmr_SAMthmr, a FinTech company specialising in personal expense management, has announced it has raised 6 million SAR (Saudi Riyal) in seed funding.

The funding round was led by esteemed investors such as Waed Ventures, Dahran Trading Group, and Le Augure, alongside supportive angel investors.

Abdulrahman Qamsani, co-founder and CEO of Mthmr, said, “It is a clear demonstration of investor confidence in the company’s innovative vision, technological prowess, and growth potential. We take immense pride in aligning Mthmr with the Kingdom’s Vision 2030 as we continue to promote financial literacy and simplify personal expense management processes.”

Mthmr aims to enhance personal finance management. The company introduced a comprehensive, user-friendly platform that allows individuals to precisely monitor personal expenditures and boost their savings effectively.  Beyond its financial functions, Mthmr also serves its user base by providing access to the latest deals and offers, bolstering their saving capabilities and ensuring financial balance.

Abdulrahman Bin Nujifan, co-founder, said, “We are relentlessly working on developing an impressive suite of features for our users, aiming to automate the saving process. Furthermore, we are keen on implementing artificial intelligence to elevate the efficiency of our application, thereby offering greater value to our customers.”

Mthmr makes savings seamless and effortless by providing its users with  tools such as cashback, roundup, and recurring and direct deposits, which all go directly to the user savings account, and allow users to invest their savings into shariah-compliant portfolios.

Previous Article

August 03, 2023

Acuity Trading launches AI-driven NewsIQ tool for brokers, traders

Read More
Next Article

August 03, 2023

Valuedynamx rolls out new Pay with Points solution for enterprises

Read More








IBSi Daily News Analysis

Generative AI

April 12, 2024

Expense Management

Security experts sound the alarm on Deepfake threats in the age of AI

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 10, 2024

France Active taps Clearwater Analytics to power its Investment Accounting Operations

Read More

April 04, 2024

Namdev Finvest raises $19m in Pre-Series C funding round

Read More

April 04, 2024

Endavu taps Neonomics to scale investment app via open banking

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023