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Venture activity spurs across MENA region


The MENA  is gaining traction with several early-stage  rounds led by Saudi ventures. One notable example is Wadaie, a Saudi fintech platform established to enhance the country's savings sector by bridging the gap between depositors and . With RZM Investments leading the pre-seed funding round, the startup offers Shariah-compliant earnings on time deposits, eliminating the need for depositors to open new accounts across multiple .

CEO Al-Andas emphasized Wadaie's alignment with Saudi Arabia's  development goals, particularly the growth of the  space. With this  injection, Wadaie aims to diversify its savings and investment offerings for a smoother client experience.

You can read the full article here https://www.arabnews.com/node/2354146/business-economy

 
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