Halal fintech startup Wahed closes $25M led by Saudi Aramco’s investment arm

Halal fintech startup Wahed closes $25M led by Saudi Aramco’s investment arm

New York-based fintech startup Wahed (suggesting “One” in Arabic) describes itself as a digital Islamic investment platform and as the world’s first “halal robo consultant.” It has now closed a $25 million investment round led by Saudi Aramco Entrepreneurship Ventures (also referred to as Wa’ed Ventures), an equity capital investment arm of oil huge Saudi Aramco. […] Commenting on the investment, Junaid Wahedna, CEO of Wahed, said: “We’re delighted to have the assistance of Aramco Ventures as we foray into the Saudi market. The business has taken the lead in delivering investment services to one of the world’s fastest-growing sectors– Islamic Financing. Wahed is likewise, in the true spirit of fintech, helping to widen the financial investment landscape. It has actually now closed a $25 million investment round led by Saudi Aramco Entrepreneurship Ventures (also understood as Wa’ed Ventures), a venture capital financial investment arm of oil huge Saudi Aramco….