Wahed Raises USD50M in Series B Funding
- Wahed Inc., a New York-headquartered global Islamic fintech company, raised USD50m in Series B funding
- The round was led by Wa’ed Ventures, the venture capital arm at Saudi Aramco Entrepreneurship Center (Wa’ed), with participation from footballer Paul Pogba
- The company intends to use the funds to launch an ethical neobank on its platform in the near future, allowing users to fulfill their banking and investing needs all on a single app
- The company offers individuals the chance to invest their money ethically in a quick, easy and affordable way
- The company has gained support steadily since its inception in the US with over 300,000 clients globally across all Wah ed entities
