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Souqalmal

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Compare consumer finance products in UAE and SaudiArabia

Dubai, United Arab EmiratesFounded 2012Fintech
Valuation $0–100M Latest valuation · 2017
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Souqalmal and the history behind them.

About Souqalmal

Souqalmal.com is a dynamic startup based in the United Arab Emirates, specializing in the comparison of financial products such as car insurance, health insurance, credit cards, and loans. The company operates in the financial services market, primarily serving individual consumers looking to make informed decisions about their financial products.

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Souqalmal.com simplifies the process of comparing various financial products by providing a user-friendly platform where customers can view and compare quotes and features from top UAE brands. This helps users find the best deals tailored to their specific needs. The platform covers a wide range of products including car insurance, health insurance, personal loans, credit cards, travel insurance, yacht insurance, and bike insurance.

The business model of Souqalmal.com revolves around providing a comprehensive comparison service. They generate revenue through commissions from financial institutions and insurance companies when a customer purchases a product through their platform. Additionally, they may earn fees for featured listings or advertisements from financial service providers looking to promote their products.

Souqalmal.com prides itself on its professional and efficient service, with a team of experts available to assist customers in understanding and selecting the best financial products. Their commitment to customer satisfaction is evident from the positive feedback and testimonials from users who have successfully used their service to re-insure their vehicles or find suitable financial products.

With over six years of experience in the industry, Souqalmal.com has established itself as a trusted name in the UAE's financial services market. They aim to demystify insurance and banking, making it easier for everyone to find the financial products best suited to their needs.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2012
Headquarters
Dubai, United Arab Emirates
Employees
15
Open positions
None listed
Dealroom signal
73.7/100
Industry
Fintech
Sub-industry
Mortgages & Lending, Insurance
Sector
Fintech, Personal Finance, Lead Generation, Comparison, Price Comparison, Deal Comparison, Insurtech Distribution and Brokerage, PandC Insurance, LandH Insurance
Business model
Marketplace & ecommerce
Client focus
b2c

Latest news

Press, funding announcements and product moves mentioning Souqalmal.

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Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONExit Mar 2022 $0 SHUAA Capital
SEEDEquity / VC Sep 2019 $0 Undisclosed
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Growth signals

Souqalmal website traffic

Latest recorded traffic for Souqalmal is 1.2K monthly website visits, up 160.9% over the last three months. Souqalmal's team grew 7.1% over the past year.

Latest monthly visits1.2K 3-month web change+160.9% 1-year team growth+7.1%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investors

14 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A7 investors entered at this stage

Other known investors7 additional known investors

Team profiled 13 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇦🇪 United Arab Emirates75%
🇵🇰 Pakistan16.7%
🇸🇦 Saudi Arabia8.3%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Souqalmal on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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