Riyadh - Mubasher: AngelAi, the world’s first empathetic AI platform for financial services, has launched in Saudi Arabia, according to a press release.

The platform provides the Saudi banks and investors with access to AI-powered growth anchored by long-term cash flow.

Since 2019, the platform has funded over $34 billion in mortgages and registered more than 250,000 users.

The launch was marked in Diriyah, Riyadh, with an event featuring comedian Russell Peters and attended by regional financial leaders and investors.

Pavan Agarwal, Founder of AngelAi, commented: “Saudi Arabia is entering a golden age of financial innovation. AngelAi’s arrival is a strategic invitation to banks and investors to lead the region in scalable, AI-powered growth, where every dollar deployed acquires long-term customers and compounds enterprise value."

Built on 20 years of R&D, AngelAi operates debt-free and profitably through 30-year mortgage servicing contracts.

Each $1 billion deployed into the company’s ecosystem, backed by mortgage servicing rights (MSR), supports about 258,000 households. It also generates an estimated $30 billion in valuation impact.

AngelAi has opened its series B round, seeking GCC partners with a goal of $3 billion deployment in year one and 25% US mortgage market share by 2028.