Mala provides a B2B procurement solution that integrates "Procure Now, Pay Later" financing directly into purchasing workflows. This service allows businesses to acquire necessary goods and services immediately while managing payment terms over an agreed schedule. The platform streamlines cash flow management for commercial buyers by offering flexible credit options at the point of sale.
Funding
$7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses in the Middle East and North Africa (MENA) region often face challenges in procuring essential goods due to cash flow constraints and the tying up of working capital. Traditional payment methods can hinder growth and operational efficiency by limiting access to necessary resources.
Solution
Mala offers a B2B Buy Now Pay Later (BNPL) platform designed to enable businesses in the MENA region to acquire essential goods without immediate cash outflow. The platform facilitates seamless transactions, allowing businesses to procure goods and services while optimizing their working capital. By providing flexible payment terms, Mala empowers businesses to invest in growth opportunities, seize market advantages, and improve overall operational efficiency. Mala integrates with government entities to streamline data validation and offers its services through online, telesales, and offline channels.
Target Audience
Mala primarily targets businesses in the MENA region that require flexible payment solutions to procure essential goods and optimize their working capital.
Features
- Buy Now Pay Later (BNPL) payment options for B2B transactions.
- Integration with government entities for enhanced data validation.
- Availability across online, telesales, and offline channels.
- TLS 1.2/1.3 data encryption protocols to protect sensitive information during transit.
- 256-bit AES encryption for data at rest.
- Single Sign-On (SSO), SAML integration with LDAP, and Multi-Factor Authentication (MFA) for access protection.
- Compliance with national cybersecurity authority standards and policies.