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Saudi Aramco Entrepreneurship Center (Wa'Ed) Leads $50 Million Series B Round In Islamic Fintech Wahed

PRIVATEJun 17, 2022

Amount Raised

$50 Million

Round Type

Series B

New YorkFinancial ServicesLending And Investments

Description

Wahed Inc. (Wahed), a global Islamic fintech company, today announced that Wa'ed Ventures, the venture capital arm at Saudi Aramco Entrepreneurship Center (Wa'ed), is leading their $50 million Series B funding round with HSBC acting as lead financial advisor. Other investors in this round include footballer Paul Pogba, who has also joined Wahed as their latest brand ambassador, and strategic family offices and institutions.

Who else raised in Financial Services and Lending And Investments around the same time

Companies in the same sectors as Wahed that raised within 45 days of this round, from Fundz verified event records.

  • KuCoin raised $10M (Corporate Round) on July 21, 2022.
  • Franco-Nevada Corporation raised an undisclosed amount (Funding Round) on July 18, 2022.
  • Jakaverse raised $3M (Series A) on July 18, 2022.
  • Avant raised $250M (Funding Round) on July 14, 2022.
  • Optimization Solutions raised $30M on July 14, 2022.
  • Systemiq Capital raised $70M (Funding Round) on July 14, 2022.

Who to call at Wahed, and when

A new round usually means Wahed is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Wahed

Location

New York, United States

About

Wahed is a global Islamic fintech company that aims to reduce financial exclusion by encouraging ethically focused investing. New York-headquartered, Wahed has built an award-winning digital platform, making it easy for everyone to benefit from investing without compromising their values. Wahed is licensed in 9 jurisdictions through its subsidiaries around the globe, with 11 offices serving over 300,000 customers.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Wahed raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.