Wadaie, a Saudi Arabia-based fintech company that provides a platform to connect depositors with banks, raised an undisclosed amount in Pre-Seed funding.
The round was led by RZM Investments, along with Bunat Ventures and other Saudi angel investors.
The company intends to use the funds to expand its base of savings and investment products, enhance trust in them, and facilitate easier access.
Founded in 2022 by Abdullah Alandas, Rayan Altuwayjiri, and Abdulrahman Alhawas, Wadaie offers a platform designed to connect depositors with all banks in Saudi Arabia, which aims to provide an enhanced experience for depositors, enabling them to earn returns on Shariah-compliant time deposits without needing to open new accounts at other banks.
FinSMEs
14/08/2023