Amwal
Founded 2022 · 25 employees on LinkedIn · 7 known investors
Find your way into Amwal
1,480 people in our graph share verified history with the Amwal team — schools, employers, funds. One of them is your warm intro.
Paul Kwanunlockedknows Mohamed Zaghoo · together at Stanford University (overlapped)
×3knows the team · via Stanford University
×4knows the team · via Harvard University
×3knows the team · via McKinsey & Company
knows the team · via University of Illinois Urbana-Champaign
Amwal is a financial technology company offering payment and installment tools, including credit-card bank installments compliant with Sharia (via Twarruq or Murabaha), for consumers and merchant partners. It is licensed by the Saudi Central Bank (SAMA) and operates in Saudi Arabia.
Founders & leadership
Amwal was founded in 2022 by Mohamed Zaghoo.
MZ
Mohamed ZaghooinCEO & Co-FounderMohamed Zaghoo previously worked as an astrophysicist and professor, with experience at NASA and Goldman Sachs. He is the founder of Amwal, a fintech company providing Sharia-compliant payment and installment solutions in Saudi Arabia.
Investors · 7
Outliers VCSan Francisco
Salica InvestmentsLondon
Shorooq PartnersAbu Dhabi · $750K – $33M
Outliers Venture Capitalreported · 2 sourcesDubai
Also in the syndicate · 3
AmwalFasanaraGemcorp
Funding
SEC filings, press & company announcements$100M disclosed across 1 of 3 rounds · 2023–2026
- $100MraisedAug 2026 · 2 sources
Amwal, Fasanara, Gemcorp
Source ↗ - Undisclosed amountpre-seedMar 2023
Outliers Venture Capital (lead), Shorooq Partners (lead)
Source ↗ - Undisclosed amountpre-seedFeb 2023Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
In the news
SILQ Raises $100M from Gemcorp, Fasanara, Amwal to Boost SME Financing - News and Statistics - IndexBoxindexbox.io · Aug 2026Frequently asked questions
- What does Amwal do?
- Amwal is a financial technology company offering payment and installment tools, including credit-card bank installments compliant with Sharia (via Twarruq or Murabaha), for consumers and merchant partners. It is licensed by the Saudi Central Bank (SAMA) and operates in Saudi Arabia.
- Who founded Amwal?
- Amwal was founded by Mohamed Zaghoo in 2022.
- Who are Amwal's investors?
- Amwal's investors include Outliers VC, Salica Investments, Shorooq Partners, Outliers Venture Capital.
- How much funding has Amwal raised?
- Amwal has disclosed $100M raised across 1 of its 3 known rounds.