Hakbah

Hakbah is a Saudi fintech that digitises the traditional jameya, letting users create or join rotating savings groups, invite members, track contributions and receive payouts, with identity verification and electronic promissory notes built in. Founded in 2018 by Naif AbuSaida, it reported more than 500,000 users and closed a $5.1 million Series A led by VentureSouq in December 2023, taking total funding to about $9 million.