# Ali Alorainy

> Ali Alorainy is the Riyadh-based co-founder and CEO of Malaa Technologies, a Saudi personal finance and wealth management platform. A King Saud University graduate with earlier data roles at Elm and Mozn, he built Malaa with college acquaintance Faisal Alqarni. The company connects expense management with investing and financial planning, raised SAR 65 million in a 2024 Series A led by SNB Capital, and received a payment account information services license in July 2026.

- **Role:** Co-Founder & CEO at Malaa Technologies
- **Organizations:** Malaa Technologies, Mozn, Elm Company, CFA Institute, Saudi Authority for Accredited Valuers (Taqeem)
- **Education:** Bachelor’s Degree in Computer and Information Systems Science, King Saud University
- **Known for:** Co-founded and leads Malaa Technologies with Faisal Alqarni., Led Malaa through its early open banking development and bank integration milestones., Malaa raised SAR 65 million ($17.3 million) in its September 2024 Series A.

## Career timeline

- **2017-11 to 2018-05** — Data Analyst at Elm Company.
- **2018-06 to 2020-12** — Data Scientist at Mozn.
- **2020-11** — Beginning of his Malaa co-founder and CEO tenure, as listed by The Org; Malaa’s own later company statement dates establishment to November 2021.
- **2021** — Malaa develops its early expense-management and open-banking offering with co-founder Faisal Alqarni.
- **2022-03** — Malaa obtains an open banking permit, connects with Arab National Bank, and announces a $1.7 million seed round.
- **2024-02** — Malaa signs a strategic partnership with SNB Capital.
- **2024-09** — Malaa announces a SAR 65 million ($17.3 million) Series A led by SNB Capital.
- **2026-07** — SAMA licenses Malaa Company for Information Technology to provide payment account information services.

## Achievements

- Co-founded and leads Malaa Technologies with Faisal Alqarni.
- Led Malaa through its early open banking development and bank integration milestones.
- Malaa raised SAR 65 million ($17.3 million) in its September 2024 Series A.
- Malaa appears at number 48 in Forbes Middle East’s 2026 Fintech 50.

## Latest updates

- **2026-10** — Malaa’s 2026 Forbes Middle East Fintech 50 entry lists more than 1.2 million app downloads, 120,000 active users, and $620 million in 2025 transaction volume.
- **2026-07** — SAMA licenses Malaa Company for Information Technology for payment account information services.
- **2025-09** — Alorainy shares Malaa’s invitation to visit its Money20/20 Middle East booth in Riyadh, September 15-17, 2025.

## Links

- Website: https://aliio.me/
- LinkedIn: https://www.linkedin.com/in/alialorainy/
- Twitter/X: https://twitter.com/AliAlorainy
- GitHub: https://github.com/ali-io
- Instagram: https://www.instagram.com/ali_alorainy/

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Profile page: https://yespress.io/ali-alorainy
Published by YesPress — https://yespress.io
Last updated: 2026-10-14