Company Overview
Amwal, also styled Amwal Tech, is a Saudi Arabian payments authentication fintech headquartered in Riyadh and founded in 2022 by Mohamed Zaghoo, who serves as chief executive, together with Sameh Galal and Reda Reda. The company combines device identity, fraud prevention and payment tokenisation in a single application programming interface, and has built a cryptographic biometric checkout using multi device authentication tokens based on the FIDO passkey standard. It is privately held and at an early stage.
Amwal raised a 2.5 million dollar pre seed round announced in early 2023, co led by Shorooq Partners and Outliers Venture Capital with participation from angel investors. It remains the company only disclosed round.
Amwal should not be confused with Amwal Capital Partners, Amwal Al Khaleej or Amwal Invest, which are separate and unrelated firms.
Recent Leadership News
Executive Moves has not yet published a leadership appointment at Amwal. This section updates as coverage is added.
Facts compiled by Executive Moves from publicly available news and press releases on 16 July 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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