Saudi escrow startup Dhimam closes angel round to build payment-protection tools

What's the deal? Saudi startup DhimamDealroom has a profile for this one. Try Dealroom → has closed an undisclosed angel round to fund development of its financial escrow solutions. The company plans to strengthen its tech infrastructure and expand its partnerships across the Saudi market.

What's the endgame? Dhimam offers escrow tools for B2B, P2P, and B2C transactions, aiming to protect the rights of parties and boost the reliability of financial dealings. The new capital will go toward product development, technical infrastructure, and a wider partner network as it grows its footprint in Saudi fintech.

What they're saying: Founder and chief executive officer Ahmed Rashid Al-Abdullatif said the next phase focuses on building financial solutions that protect the rights of transaction parties. He called trust "an essential element" in building digital financial transactions.

Why now? The round lands as Saudi Arabia's fintech sector expands its digital offerings around payments and financial services. Demand is rising for tools that organise transactions between multiple parties and reduce the risk of unmet obligations.

The signal: Escrow sits at the trust layer of digital commerce — and Dhimam is betting that as Saudi transactions move online, protecting both sides of a deal becomes its own market.

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