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Hambro Perks Spring Studios invests in Bahrain’s Daleel to expand across the MENA region

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Daleel, MENA’s financial marketplace, has secured investments from Hambro Perks Spring Studios, a venture builder backed by Al Waha Fund of Funds, the global investment firm Hambro Perks, and Flat6Labs UAE, MENA’s seed and early-stage venture capital firm.

Founded in 2022 by Dania Alshowaikh, PK Shrivastava and Ridaa Shah, Daleel’s platform is focused on helping everyday individuals find the best financial products for themselves and helping banks and financial institutions leverage deep insights to acquire customers more effectively.

PK Shrivastava, the CEO and co-founder of Daleel, expressed his excitement “We are ecstatic to have secured investment from credible investors like Hambro Perks Spring Studios and Flat6Labs. This investment is a testament to our potential and the faith that key players in the industry have in our vision. It will enable us to forge significant financial partnerships and obtain the Open Banking license, which is crucial to our growth strategy. I am incredibly excited about these developments and look forward to the transformative journey ahead for Daleel.”

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By creating a seamless and connected financial journey, aims to revolutionize the landscape of financial services in the region, empowering both consumers and financial institutions alike to make informed decisions and achieve financial success.

Daleel which is  PK’s second venture in the region and fourth in fintech, builds upon the co-founders’ experience in scaling Tarabut as the largest open banking platform in MENA. With this background, Daleel is poised to transform customer acquisition for financial institutions and empower consumers in their financial choices across the region.

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With this investment round ,the company will be able  to launch significant financial partnerships, which are crucial to the company’s growth strategy.

 Furthermore, the investment will support Daleel’s expansion initiatives in Saudi Arabia and the UAE, enabling the company to expedite its growth and obtain an Open Banking license.

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Zainab Khamis, the Head of HP Spring Studios, has expressed her enthusiasm for the impact that Daleel is making: “We at HP Spring Studios are excited to support the launch of Daleel, a financial marketplace in the MENA region. This transformative step for the financial sector exemplifies our commitment to empowering and bolstering local startups.”

Ryaan Sherif, General Manager of Flat6Labs UAE  said: “At Flat6Labs, our dedication to investing in FinTech companies that disrupt traditional paradigms is unwavering. This recent investment in Daleel exemplifies our belief in fostering innovation within the financial sector. By operating a marketplace with deep insights into consumer spending habits and leveraging open banking, Daleel ensures both financial institutions and consumers have access to the best offerings on the market.”

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Milcah Lukhanyu
Milcah Lukhanyuhttps://techmoran.com
I cover tech news across Africa. Drop me an email at [email protected]

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