Abyan Capital Raises $18M in Series A Funding to Revolutionizing Saudi Arabia’s Investment Landscape led by STV .
Abyan Capital, a trailblazing robo-advisory firm based in Saudi Arabia, has successfully concluded its Series A funding round, securing an impressive $18 million. This round was led by STV, with significant participation from Wa’ed Ventures and RZM Investment, as reported by Wamda.
Since its establishment in 2022, Abyan Capital has been instrumental in transforming Saudi Arabia’s financial advisory landscape. Through its innovative, automated, and Shariah-compliant investment and savings solutions, the company has democratized personal finance management. Its diverse range of products empowers users, regardless of their financial literacy levels, to efficiently oversee investments, optimize asset allocations, and realize their financial goals seamlessly.
Do you need investors for your startup?
Abdullah Aljeraiwi, CEO and co-founder of Abyan Capital, articulated the company’s foundational vision, aiming to simplify personal investment for all Saudis. Aljeraiwi highlighted Abyan’s substantial growth, surpassing 1.4 billion Saudi Riyals in deposits and investing in over 100,000 portfolios within a short span. He also outlined plans for expanding their product offerings to establish Abyan as a premier digital retail investment house.
Saleh Alaqeel, Co-founder and COO, emphasized the funding’s significance in driving forward Saudi Arabia’s modern investment industry. Alaqeel reaffirmed Abyan’s dedication to innovation and inclusivity, stressing the introduction of retail investment offerings tailored to diverse investor needs.
To read full article / source click here
* It is a community posted article. Please read the Full Disclaimer below
Disclaimer: This post is AI-generated. Its content does not represent the views of Xstartups. Xstartups is not liable for the accuracy or implications of the content. For any concerns or copyright issue, contact us at complaint@xstartups.co.
