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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
client focusb2csub industryMortgages & Lendingsub industryInsurancebusiness modelMarketplace & ecommerceindustryFintechsectorPersonal FinancesectorLead GenerationsectorComparisonsectorPrice ComparisonsectorDeal ComparisonsectorInsurtech Distribution and BrokeragesectorPandC InsurancesectorLandH Insurance

Valuation & funding

Souqalmal funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONExit Mar 2022 $0 SHUAA Capital
SEEDEquity / VC Sep 2019 $0 Undisclosed
SERIES BEquity / VC Oct 2017 $10M $40M Endeavor Catalyst · UAE Exchange · Gocompare.com · Riyad Taqnia Fund (RTF)
GROWTH EQUITY VCEquity / VC May 2017 $0 Undisclosed
CONVERTIBLEEquity / VC Nov 2016 $0 VentureSouq · WOMENA
SERIES BEquity / VC Aug 2015 UAE Exchange · Gocompare.com · Endeavor Catalyst · Riyad Taqnia Fund (RTF)
SERIES AEquity / VC Dec 2013 Hummingbird Ventures
ANGELEquity / VC Dec 2012 Undisclosed
Showing 8 recorded eventsUnlock the complete deal history →

Financials

Workforce over time

Available workforce history. Financial fields without reported data are omitted.

YearEmployees
2026 15
2025 14
2024 15
2023 19
2022 20
2021 41
2020 41
Company filings, research estimates and Dealroom dataOpen the full financial model →

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.

Latest monthly visits1.2K 3-month web change+160.9% 1-year team growth+7.1%
Monthly website visits100 observations · Feb 2016–Jul 2025
Hover or focus a point to see its exact monthly valueCompare with peers →

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.

Showing 8 of the closest matchesCompare every metric →

Talent graph

Souqalmal's talent

Book a demo to see the people
Team profiled 13 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

14 investors on Souqalmal's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Series A 7 investors entered at this stage
Hummingbird Ventures
UAE Exchange
Gocompare.com
Endeavor Catalyst
Riyad Taqnia Fund (RTF)
VentureSouq
WOMENA
Other known 7 additional known investors
SHUAA Capital
500 Global
Big Bang Ventures
Endeavor
Sanabil Accelerator by 500 Global
Shorooq
Technology Pioneers | World Economic Forum

Global footprint

Where Souqalmal has talent and traffic

Workforce by country
3 countries with
team presence
🇦🇪 United Arab Emirates75%
🇵🇰 Pakistan16.7%
🇸🇦 Saudi Arabia8.3%
3 countries shown

In the news

Latest news about Souqalmal

Recent press, funding announcements, and product moves mentioning Souqalmal — open to read from the original sources.

See all news

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

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