Islamic fintech Wahed Invest raises $25 mln in round led by VC arm of Saudi Aramco
Wahed Invest, a U.S.-based Islamic investment platform, has raised $25 million in a funding round led by Saudi Aramco Entrepreneurship Ventures, the venture capital arm of Saudi Aramco.
The round also includes existing investors BECO and CueBall Capital, as well as Dubai Cultiv8, and Rasameel, Wahed said in a statement on Monday (June 8).
The fintech said the funds will be used to drive the company’s global expansion, namely in developing the company’s subsidiary in Saudi Arabia.
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