Saudi Robo-Advisor Abyan Capital Raises $18M in Funding. 🔹 Growing Confidence: Abyan Capital's $18 million funding round, led by STV, showcases increasing faith in Saudi Arabia's AI sector and fintech innovation. 🔹 Innovative Solution: Utilizing AI and machine learning, Abyan Capital offers a mobile-first robo-advisory platform, democratizing investment management for all Saudi investors. 🔹 Team Commitment: Abyan's founders, Abdullah Al-Jeraiwi, Omar Al-Mania, and Saleh Al-Aqeel, are dedicated to innovation and inclusivity, enabling first-time investors to access diverse wealth management solutions. 🔹 Strategic Growth: With plans to enhance their platform, diversify financial products, and expand market reach, Abyan aims to become the leading digital retail investment house in Saudi Arabia. 🔹 Partnership: Funding from STV, Wa’ed Ventures, and RZM Investment underscores confidence in Abyan's vision and potential to redefine the wealth management landscape. 🔹 Future Outlook: Abyan's rapid growth, with over SR1.4 billion in deposits and 100,000 portfolios invested, sets the stage for continued innovation and market leadership. #FintechInnovation #RoboAdvisory #SaudiStartups #InvestmentManagement #AIinFinance
Shan Mohamed’s Post
More Relevant Posts
-
Exciting Times at Silta! 🚀 It’s been a while since our last update, and for good reason – we’ve been busy building and delivering for a major global customer! 🎉 Now, as we shift into the next phase of growth, you can expect more frequent updates about what’s happening at Silta. To kick things off, check out this fantastic post from Ben sharing some big milestones and what’s next for us. 👇 Stay tuned – the journey is just getting started! #SiltaFinance #SiltaAI #Growth #Innovation #GreenFinance
✨ 2024: A Milestone Year for Silta Finance ✨ We started the year strong by securing investment from ADB Ventures, which fueled the continued development of our Silta AI platform. This investment enabled us to achieve something truly transformational: landing our first major customer, a global bank. We developed a white-label version of Silta AI for them, empowering their team to perform rapid due diligence and ESG assessments with unprecedented efficiency. Looking ahead to 2025, we’re shifting part of our focus to fundraising. Our goal? To expand the functionality of Silta AI into exciting new areas like M&A and private equity transactions, unlocking even more possibilities for growth. It’s been a rollercoaster ride, and the entire team at Silta is beyond excited about what’s to come. Here’s to more innovation, partnerships, and milestones in the year ahead! #SiltaFinance #SiltaAI #ESG #Innovation #Fundraising #M&A #PrivateEquity #GreenFinance
To view or add a comment, sign in
-
Talaty, a Moroccan fintech revolutionizing small and medium-sized business (SMB) financing with artificial intelligence (AI), has received a strategic investment from Witamax in partnership with Renew Capital. This collaboration reflects the growing focus on leveraging technology to tackle financial inclusion challenges in Morocco and Francophone Africa. https://lnkd.in/df9Xxnce Talaty | Soulaimane Lahrech , Simo Bernoussi , Ilyas Oudghiri , Zakaria E. Renew Capital #Talaty #fintech #investments #Morocco #partnership #SMB #AI
To view or add a comment, sign in
-
-
✨ 2024: A Milestone Year for Silta Finance ✨ We started the year strong by securing investment from ADB Ventures, which fueled the continued development of our Silta AI platform. This investment enabled us to achieve something truly transformational: landing our first major customer, a global bank. We developed a white-label version of Silta AI for them, empowering their team to perform rapid due diligence and ESG assessments with unprecedented efficiency. Looking ahead to 2025, we’re shifting part of our focus to fundraising. Our goal? To expand the functionality of Silta AI into exciting new areas like M&A and private equity transactions, unlocking even more possibilities for growth. It’s been a rollercoaster ride, and the entire team at Silta is beyond excited about what’s to come. Here’s to more innovation, partnerships, and milestones in the year ahead! #SiltaFinance #SiltaAI #ESG #Innovation #Fundraising #M&A #PrivateEquity #GreenFinance
To view or add a comment, sign in
-
#MENADealsWithStrategyConnect 🚀 June 1 - 15, 2024 MENA Investment Highlights Dive into the latest sector-wise investment trends shaping the MENA business landscape! From fintech innovations in Saudi Arabia and Egypt to cutting-edge AI ventures in the UAE, the first half of June has seen a flurry of strategic investments aimed at transforming regional markets. Key deals include the $100M fund by Rasmal Ventures for fintech in North Africa and a $30M Series A for UAE-based Tenderd in the con-tech sector. 🔍 Sector Insights: Fintech remains a hotspot with significant funding, including a $30M Series A for SiFi - Simplified Financial Solutions Company and a $31.5M investment in NOW Money, showcasing a robust interest in financial solutions tailored for regional needs. AI and Tech Startups also surge forward, with qeen.ai securing funding aimed at 2025 launch, indicating a long-term commitment to tech innovation. Prop-tech and Ed-tech sectors also see movement, reflecting the growing demand for smart property solutions and educational technology in the region. 💡 Why It Matters: These investments not only fuel economic growth but also lay the groundwork for MENA to become a global hub for technological and financial innovation. They offer immense opportunities for business owners and management consultants in both private and public sectors to engage with emerging technologies and market trends. Join us at StrategyConnect to stay ahead in a dynamically evolving market landscape. Whether you’re looking for high-quality consultants or experts on-demand, our platform connects you with top-tier consultants to maximize your business strategies. Source : Wamda ومضة, Crunchbase #investmentnews #acquisitions #venturecapital #menanews #proptech #venturefunding #fintech #preseed #seedfunding #fintechnews #privateequity #venturefund #mergersandacquisitions #contech #MENAregion
To view or add a comment, sign in
-
Deniz Ventures, the Capital arm of Emirates NBD Group, invests in Turkey-based TeamSec, a pioneer in AI-driven securitisation technology. This investment marks a major step toward transforming the financial ecosystem. By digitizing securitization with AI and data-driven solutions, TeamSec is driving efficiency, transparency, and value for investors and institutions. Read more: https://lnkd.in/dAvvBbRw Deniz Ventures, Emirates NBD, TeamSec, Neeraj Makin, Ahmed Al Qassim, Gurhan Cam, MSc, MBA #FintechNewsEgypt #DenizVentures #EmiratesNBD #TeamSec #Investment #Funding #AI #Fintech #Turkey #MiddleEast #UAE #EgyptFintechNews #StartupFunding
To view or add a comment, sign in
-
-
Teammates.ai Closes Investment Round with Leading Investors The UAE-based platform Teammates.ai has announced the closure of a new investment round with the participation of prominent investors, including Hustle Fund , Access Bridge Ventures, Oraseya Capital, and Beyond Capital Originally launched in 2023 under the name Uktob.ai, the platform rebranded this year while continuing to provide innovative AI-driven solutions. It aims to help organizations automate their operations and enhance efficiency. Currently, the platform operates in the #UAE, #SaudiArabia, and the #UnitedStates, under the #leadership of its founders, Kareem Ayyad and Emad Ayyad
To view or add a comment, sign in
-
-
Tarabut (led by Abdulla Almoayed) and geidea (led by Ziyad Al Eisa) have joined forces to transform SME financing in Saudi Arabia. This strategic partnership aims to address the SAR 300 billion funding gap for SMEs by creating seamless, innovative, and accessible financing solutions. With Geidea’s extensive payment expertise and Tarabut’s advanced open banking platform, this collaboration aligns with Vision 2030 to empower businesses and drive financial inclusion. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/ed8R2zYs #SMEs #Fintech #OpenBanking #SaudiArabia
To view or add a comment, sign in
-
-
Digital Transformation: A Key to Staying Competitive in Saudi Arabia's Wealth Management Sector 🚀 According to a recent survey, over 70% of wealth management firms in Saudi Arabia believe that embracing digital transformation is critical to maintaining a competitive edge over the next five years. As the Kingdom continues to accelerate its digital journey, adopting cutting-edge technologies like AI, automation, and data analytics is no longer optional—it's a necessity. From enhancing operational efficiency to driving better customer experiences, digital solutions are revolutionizing the wealth management landscape. 📊 At CREALOGIX, we’re proud to help financial institutions in Saudi Arabia and beyond navigate this transformation. Together, we can shape the future of wealth management. 🌟 #DigitalTransformation #WealthManagement #Fintech #SaudiArabia #Innovation #AI #DataAnalytics #CREALOGIX
To view or add a comment, sign in
-
-
Deniz Ventures Backs TeamSec in AI-led Securitization Revolution Deniz Ventures, under Emirates NBD Innovation Fund, has invested in TeamSec, a fintech leader in AI-based securitization. This partnership enhances digital transformation by introducing advanced analytics and AI tools to streamline financial securitization processes. TeamSec focuses on AI-powered securitization solutions, revolutionizing traditional financial processes with cutting-edge technology. Founded by Esad Erkam Köroğlu, TeamSec is committed to reshaping securitization globally. Investor: Deniz Ventures, with prior investments in Erguvan and NewBridge Fintech Solutions, adds TeamSec to its fintech portfolio. Wemaad offers bespoke solutions for fintech companies, aligning technology with business goals to drive success in the digital finance era. Implement innovative solutions in your business with Wemaad. Contact us today! #WemaadSolutions #AIInFinance #FintechInvestment #Securitization #DenizVentures
To view or add a comment, sign in
-
-
Newgen Software, a global leader in AI-enabled digital transformation solutions, has announced a #partnership with AJIL Financial Services Company (AJIL), a prominent financing company in #SaudiArabia. Newgen Software, AJIL Financial Services Company, Matar Al Khateeb, Naief Arab, Khurram Sheikh, Mohammed Bagabir, Mohammed Shahzeb Khan, Nedal El Kafrawy, Prashant Sahai, Vivek Bhatnagar, Pranav Trivedi, Ritesh Varma, Runki Goswami #Newgen #AJIL #Partnership #FinancialServices #FinancialInclusion #Fintech #Tech #Innovation #AI #UAE #SaudiArabia #MENA
To view or add a comment, sign in
-