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Souqalmal
Compare consumer finance products in UAE and SaudiArabia
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.
Read full description
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.
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.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Mar 2022 | $0 | — | SHUAA Capital | — |
| SEEDEquity / VC | Sep 2019 | $0 | — | Undisclosed | — |
Growth signals
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.
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|---|---|---|---|---|---|
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A7 investors entered at this stage
Hummingbird Ventures
UAE Exchange
Gocompare.com
Endeavor Catalyst
Riyad Taqnia Fund (RTF)
VentureSouq
WOMENA
Other known investors7 additional known investors
SHUAA Capital
500 Global
Big Bang Ventures
Endeavor
Sanabil Accelerator by 500 Global
Shorooq
Technology Pioneers | World Economic Forum
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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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