Wahed
Sharia-compliant investing app offering halal portfolios, ETFs and property investments
Based in New York, founded 2017
The numbers
$300mValuation
$103mTotal raised
215Headcount
13.8%Headcount growth
2017Founded
Why it’s on the list
Wahed offers Muslim investors a robo-advisory service that avoids interest-based products, and launched what it calls the first Sharia-compliant ETF listed in the US. Saudi Aramco's venture arm Wa'ed led both its $25 million Series A in 2020 and its $50 million Series B in 2022, and the company says it has a community of more than 450,000 investors.
Funding history
2017Seed$5m
2017Seed$7m
2018Seed$8m
2018Venture$7.8m
2020Series A$25m
2022Series B$50m
Backed by
On Founding MENA
Wahed: Junaid Wahedna
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