Fundraising Fox

Amwal

Founded 2022 · 25 employees on LinkedIn · 7 known investors

Amwal offers a Sharia-compliant installment payment service that lets shoppers split credit card purchases into 3 to 24 monthly payments with no interest, while still earning card rewards, points, and miles. It works at online and in-store checkout in partnership with Saudi banks such as Al Rajhi and SNB.

Fintech

Investors · 7

Outliers VCSan Francisco
Salica InvestmentsLondon
Shorooq PartnersAbu Dhabi · $750K – $33M
Outliers Venture CapitalreportedDubai

Also in the syndicate · 3

AmwalFasanaraGemcorp

Funding

SEC filings, press & company announcements

$100M disclosed across 1 round · 2026

Source: company announcements and press reports — follow each round's link for the claim.

In the news

ShopUp’s parent platform raises $100m | The Daily Starthedailystar.net · Aug 2026SILQ Raises $100M from Gemcorp, Fasanara, Amwal to Boost SME Financing - News and Statistics - IndexBoxindexbox.io · Aug 2026Saudi Amwal Tech Raises $4 Millionlucidityinsights.com · Jan 2025Amwal raises $2.5M pre-seed to revolutionize payment authentication in MENA - Tech In Africatechinafrica.com · Mar 2023Amwal Tech, a Saudi FinTech startup, raises $2.5m in a Pre-Seed round - WAYAwaya.media · Feb 2023Amwal raises $2.5M pre-seed to revolutionize payment authentication in MENAtechloy.com · Feb 2023

Frequently asked questions

What does Amwal do?
Amwal offers a Sharia-compliant installment payment service that lets shoppers split credit card purchases into 3 to 24 monthly payments with no interest, while still earning card rewards, points, and miles. It works at online and in-store checkout in partnership with Saudi banks such as Al Rajhi and SNB.
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 round.