Sarwa, an investment platform based in Abu Dhabi, has announced the completion of its latest Series B funding round, closing at US$15 million.
The round was led by Mubadala (Investment Company) and increases Sarwa’s total funds raised so far to US$25 million. Other investors who participated in the round include 500 Startups, DIFC, Hala Ventures, Hambro Perks Oryx Fund, Kuwait Projects Company, Middle East Venture Partners, Shorooq Partners, and Vision Ventures.
The platform was launched by co-founders Mark Chahwan, Jad Sayegh, and Nadine Mezher, to make the process of investing more seamless for everyday investors in the Middle East.
Through Sarwa’s platform, which is available both as a web and mobile app, users can invest their savings starting as small as $5 in different stock offerings. The deals are facilitated using Exchange Traded Funds (ETFs).
Sarwa also makes investment recommendations to users using a combination of data and personal insights, including financial targets, and risk appetite.
The platform suggests users a portfolio and investment plan based on their risk appetite and financial goals. The firm has also added Sarwa Crypto to its list of offerings, a portfolio with 5 percent exposure to Bitcoin. The crypto stock options are made available on Sarwa’s platform via Grayscale Bitcoin Trust GBTC, the world’s first and largest publicly listed Bitcoin investment vehicle.
Mark Chahwan, the co-founder and CEO of Sarwa, said, “We want to ensure that everyone has access to simple, smart, and affordable financial products and services.”
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