Abyan Capital, a Saudi Arabia-based robo-advisory company, raised $18M in Series A funding.
The round was led by STV with participation from Wa’ed Ventures and RZM Investment.
The company intends to use the funds to further enhance its platform, expand its suite of financial products, and accelerate its market penetration across the investment solution value-chain.
Founded in 2022 by Abdullah Aljeraiwi Omar Almania and Saleh Alaqeel, Abyan Capital is a financial services company that provides an automated solution and portfolio management for long-term investments. Since its launch, the company has provided automated, and Shariah-compliant investment and savings solutions, which enable users to manage their investments, optimise their asset allocations, and achieve their financial goals with ease.
FinSMEs
13/05/2024