Hakbah
Curated by SignalNiche neobank facilitating financial cooperatives and periodic associations.
About
Hakbah operates as a neobank that specializes in financial cooperatives and periodic financial associations. The mobile application allows users to create and manage their associations, invite trusted individuals, and facilitate payments and tracking. The target audience includes individuals interested in secure participation in financial associations. Hakbah complies with the guidelines established by the Saudi Arabian Monetary Authority, which addresses compliance and security concerns. The company's revenue model is based on a one-time service fee charged when users join an association. Additionally, Hakbah aims to promote financial inclusion and address the gender gap in savings.
Key facts
- Founded
- 2018
- Headquarters
- Riyadh, Saudi Arabia
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Banks
- Cloud Solutions
- Unbanked and Financial Inclusion
Business model
- GTM channel
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- 7 products and services
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- Commercial model
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Contact
- Primary office
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- Phone
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