
Hakbah هكبه
Hakbah is a Saudi Arabian fintech company that provides an app for managing and organizing savings groups.
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Hakbah is a Saudi Arabian Fintech company focused on creating a digital platform for alternative financial savings, specifically for the "Jamiya" system, a popular method of cooperative saving in the Middle East. They have been permitted by the Saudi Central Bank to test their services under the Regulatory Sandbox environment. Hakbah aims to make managing these saving groups easier and more accessible by offering a user-friendly mobile app that allows users to create, join, and manage groups, as well as make secure digital payments within the platform.
Hakbah's mission aligns with Saudi Vision 2030 objectives and UN Sustainable Development Goals by promoting financial inclusion, closing the gender gap in savings, and encouraging the adoption of digital payments. The company is headquartered in Riyadh, Saudi Arabia, and has offices in Dubai, United Arab Emirates. Hakbah has been featured in the DIFC Tech Accelerator Program, secured a strategic partnership with Visa, and successfully closed a seed round of investment, demonstrating their strong growth potential in the rapidly evolving Fintech market.
Flexibility
Hakbah offers flexible payment options for its users. Customers can pay directly within the Hakbah app, using any Mada Card issued by a bank in Saudi Arabia, or receive the fund on their banking account at any bank in the Kingdom.
Mission
Hakbah is a Saudi Fintech startup focused on modernizing traditional financial savings practices. They offer a comprehensive platform for Savings Groups (also known as Jameya) to initiate, manage, join, and pay directly within the mobile app. Hakbah's mission aligns with the UN's Sustainable Development Goals and the Saudi Vision 2030 objectives, aiming to increase financial inclusion, bridge the gender gap in savings, and promote a cashless society.
Culture
Hakbah promotes a culture of innovation and community engagement. They are a Fintech startup with a mission to modernize financial saving habits, particularly through their mobile app. They emphasize the importance of trust and transparency in their services, as well as convenience and accessibility for all. Hakbah's focus on empowering individuals, particularly those who are underbanked, demonstrates their commitment to social responsibility and inclusivity.
DE&I
Hakbah emphasizes increasing financial inclusion for individuals, closing the gender gap in savings, and promoting digital payments. This approach suggests a commitment to inclusivity by targeting underserved populations and fostering equal access to financial services. While specific details about internal diversity initiatives are not explicitly stated, the company's focus on financial inclusion and its mission alignment with the UN’s Sustainable Development Goals implies a general commitment to diversity, equity, and inclusion.
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