The UAE-based FinTech startup and investment management platform Sarwa has successfully raised $15 million in its latest funding round. The Series B round was led by Mubadala with the participation of 500 Startups, Kuwait Projects Company, Shorooq Partners, MEVP, DIFC, Hambro Perks Oryx Fund, HALA Ventures, and Vision Ventures.
Launched in 2018, Sarwa is an investment and personal finance platform connecting the GCC market to international stock exchanges and cryptocurrencies. Sarwa is set to revolutionize how young professionals grow their wealth by introducing smart, simple, and affordable digital investing to the region.
Since its launch, Sarwa has accumulated 40,000 users engaging with the platform to invest in stocks and build their own portfolios. In 2020, the FinTech startup experienced a surge of new investors in light of the turbulent financial landscape, yet investors realized more than 33% average year-on-year returns for a balanced portfolio.
Commenting on this investment round which establishes their pioneering position in tech-facilitated international trade across MENA, Sarwa Co-founder and CEO Mark Chahwan highlighted “Thousands of clients already use Sarwa to grow their money and build a better future, and this investment will fuel our growth so that we can reach millions more. We want to ensure that everyone has access to simple, smart, and affordable financial products and services.”
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