Raises $3M in Venture Capital Funding, a Dubai, UAE-based finance comparison startup, raised $3m in venture capital funding.

The round was led by STC Ventures, the VC arm of Saudi Telecom, with participation from Wamda Capital, which is headed up by Aramex founder Fadi Ghandour, and Dubai Silicon Oasis Authority.

The company plans to use the funds to continue its expansion with the brand launching in at least three more countries in 2015.

Led by Jon Richards, CEO, and Samer Chehab, COO, compareit4me Group operates finance comparison websites across seven countries in the Middle East (as in the UAE, Qatar, Bahrain and Kuwait and under the name of in Saudi Arabia, Egypt and Lebanon), which help users find and compare financial products including personal loans, credit cards and bank accounts.



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