Resal raises $9M to scale Saudi Arabia's loyalty and digital value infrastructure.

Resal closed a $9M funding round led by Derayah Ventures, with participation from Al-Wafrah Second Investment Company, VentureSouq Fintech Fund, AD Diriyah Asset Management, Numu Holding, and the Bugshan Group. The round accelerates Resal’s mission to power digital prepaid cards, loyalty programmes, the rewards ecosystem, and digital gift cards across Saudi Arabia and the Middle East.

Founded in Jeddah in 2018, Resal today serves more than 1.5 million end-users and partners with over 1,000 brands across more than 15 sectors — from retail and F&B to entertainment, healthcare, and education — sustaining annual growth of more than 100%.

The funding is closely aligned with Saudi Vision 2030 and its goals of growing digital payments, enabling SMEs, and developing the local fintech sector. Resal operates within the Saudi Personal Data Protection Law (PDPL) and ISO 27001 information-security framework.

How the capital is deployed

The team is putting the capital to work along three vectors: scaling the merchant network across core regional markets, deepening the SaaS stack for businesses (card issuance, incentive management, instant settlement), and growing the consumer wallet through one unified redemption experience — all while preserving the capital discipline that has defined Resal from day one.