
MIT Enterprise Forum Pan Arab
alumni directory

Rumman
Fintech
Lebanon
Still operating
Launched in 2018
Competition
Rank
Track
Arab Startup Competition Twelfth Edition 2019
Finalist
Ideas Track
Hub71 MENA Growth Competition First Edition 2019
Finalist
Competition
Arab Startup Competition Twelfth Edition 2019: Ideas Track - Finalist
Hub71 MENA Growth Competition First Edition 2019 - Finalist
Description
Rumman is a micro-savings and investment app, which aims to raise financial literacy and create broader financial inclusion in the Arab world. Accompanying Rumman’s app is an Arabic multimedia platform that educates and promotes the importance of having financial savings. Rumman’s works by rounding up the daily spending of a consumer to the nearest dollar. For example, for every 99 cents as the user spends, he/she will be saving 1 cent without worrying about it. Rumman aims to remove the knowledge barriers facing the majority of the population in the Arab world, by creating easy to understand the content.
Founders

Shurouq Qawariq
CEO

Nabil Parkar
CMO

Juan Manuel Balcazar
Head of Research and Analytics

Rida al Mawla
Co-founder
Reach out
Funding
- 2018 - Flat6Labs Beirut - $50,000
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