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

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.

“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.

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islamic finance, nyc