Hambro Perks Spring Studios, a venture builder supported by Al Waha Fund of Funds, the global investment firm Hambro Perks, and Flat6Labs UAE, MENA’s seed and early-stage venture capital firm, have successfully secured investments for Daleel, the region’s first financial marketplace.
The primary goals of Daleel’s platform are to assist regular people in locating the best financial products for their needs and to assist banks and other financial organizations in better utilizing deep insights to attract new clients. Daleel is transforming the financial services industry in the region by offering a connected and seamless financial journey. This empowers financial institutions and consumers to make wise decisions and succeed financially.
Led by CEO PK Shrivastava, COO Ridaa Shah, and CCO Dania Alshowaikh, the company’s vision is to close the gap between customers and financial institutions with the goal of bringing personalised financial products to the region. Building on the co-founders’ experience in growing Tarabut into the largest open banking platform in MENA, Daleel is PK’s second venture in the region and fourth in the fintech space. Given its history, Daleel is well-positioned to revolutionize the way financial institutions acquire new customers and to give consumers greater control over their financial decisions throughout the region.
The investment round will allow Daleel to enter into important financial alliances that are essential to the expansion plan of the business. Additionally, Daleel will be able to accelerate its growth and acquire an Open Banking license thanks to the investment, which will support the company’s expansion initiatives in Saudi Arabia and the UAE.
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.”
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. We firmly believe in Daleel’s innovative approach, which promises not only to empower consumers but also to stimulate considerable economic growth in the region. Our commitment to Daleel’s success symbolizes our dedication to fostering positive change and development in the region’s fintech landscape in Bahrain.”
Ryaan Sherif, General Manager of Flat6Labs UAE, is proud to be supporting the Company: “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.”
