S
Souqalmal
Fintech · Dubai, United Arab Emirates · Founded 2012
Compare consumer finance products in UAE and SaudiArabia MoreLess
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.
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.
Keywords: Car Insurance, Health Insurance, Credit Cards, Personal Loans, Financial Comparison, UAE Market, Customer Service, Financial Products, Insurance, Banking.
Company overview
Souqalmal company information
The essential company record, classifications and operating signals in one place.
- Status
- Acquired
- Founded
- 2012
- Headquarters
- Dubai, United Arab Emirates
- Employees
- 15
- Open positions
- None listed
- Dealroom signal
- 73.7
Valuation & funding
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 | — |
| SERIES B✓Equity / VC | Oct 2017 | $10M | $40M | Endeavor Catalyst · UAE Exchange · Gocompare.com · Riyad Taqnia Fund (RTF) | — |
| GROWTH EQUITY VCEquity / VC | May 2017 | $0 | — | Undisclosed | — |
| CONVERTIBLE✓Equity / VC | Nov 2016 | $0 | — | VentureSouq · WOMENA | — |
| SERIES B✓Equity / VC | Aug 2015 | UAE Exchange · Gocompare.com · Endeavor Catalyst · Riyad Taqnia Fund (RTF) | — | ||
| SERIES A✓Equity / VC | Dec 2013 | Hummingbird Ventures | — | ||
| ANGEL✓Equity / VC | Dec 2012 | Undisclosed | — |
Financials
Workforce over time
Available workforce history. Financial fields without reported data are omitted.
| Year | Employees |
|---|---|
| 2026 | 15 |
| 2025 | 14 |
| 2024 | 15 |
| 2023 | 19 |
| 2022 | 20 |
| 2021 | 41 |
| 2020 | 41 |
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.
Comparisons
Souqalmal compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
BGL GroupA major financial services group specialising in insurance, price comparison and legal services |
Peterborough, United Kingdom | Operational | 775 | — | $2.9B |
mfind ITA simple, fast and useful tool for optimizing customers’ insurance budget |
Warsaw, Poland | Operational | |||
Gocompare.comA leading insurance price comparison website in the UK |
Newport, United Kingdom | Acquired | |||
ChiarezzaCompare various insurance products and loans |
Selargius, Italy | Acquired | |||
GoBearComparison site for financial and insurance products |
Parañaque, Philippines | Acquired | |||
AutoMoneyBackprovides comparison shopping and automatic rewards for Car Insurance |
Singapore, Singapore | Closed | |||
InsurifyA virtual insurance agent powered by Artificial Intelligence and predictive analytics |
Cambridge, United States | Operational | |||
PolicyX.ComPolicyx is an online insurance comparison portal helping people to choose better insurance |
Gurugram, India | Operational |
Talent graph
Souqalmal's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Souqalmal has talent and traffic
team presence
In the news
Latest news about Souqalmal
Recent press, funding announcements, and product moves mentioning Souqalmal — open to read from the original sources.
Market sentiment
What the market is saying about Souqalmal
An AI-synthesized read of the highest-engagement posts about Souqalmal on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
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
See Souqalmal’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.




















