MIT Enterprise Forum Pan Arab
alumni directory

Rumman

Rumman

Fintech

Lebanon

Still operating

Launched in 2018

Competition

Competition

Track

Track

Rank

Rank

Arab Startup Competition Twelfth Edition 2019

Ideas Track

Finalist

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.
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Founders

Shurouq Qawariq / CEO , Nabil Parkar / CMO , Juan Manuel Balcazar / Head of Research and Analytics , Rida al Mawla / Co-founder

Social media

Funding

  • 2018 - Flat6Labs Beirut - $50,000