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News by FinTech Collective Archive

Islamic fintech Wahed Invest raises $25m in round led by VC arm of Saudi Aramco

Faisal Kawar

June 11, 2020

https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net

Faisal Kawar

New York based sharia-compliant investment platform raised $25m in venture funding led by Saudi Aramco Entrepreneurship Ventures, the venture capital arm of Saudi Aramco.

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“This latest funding round will enable Wahed to make Saudi their regional MENA hub and contribute towards a fast-growing FinTech ecosystem,” said Wa’ed managing director Wassim Basrawi.

https://www.salaamgateway.com/story/islamic-fintech-wahed-invest-raises-25-mln-in-round-led-by-vc-arm-of-saudi-aramco

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