Abyan Capital Raises $18 Million in Series A Funding
The infusion of capital will fuel Abyan's growth plans.
Saudi Arabia-based robo-advisory company Abyan Capital has concluded its Series A funding round, securing $18 million. The investment was spearheaded by STV, with contributions from Wa'ed Ventures and RZM Investment.[1]
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Founded in 2022 by Abdullah Aljeraiwi Omar Almania and Saleh Alaqeel, Abyan Capital is a financial services company that provides shariah-compliant automated investment and savings solutions. These offerings helped users manage their investments, optimize asset allocations, and achieve their financial objectives.
The infusion of capital will fuel Abyan's growth plans, enabling the firm to enhance its platform, diversify its range of financial products, and broaden its market presence across the investment solution spectrum.
Moreover, the investment will help Abyan develop sophisticated investment tools and instruments, allowing a larger group of people to engage in local and international financial markets.