- Saudi-based Wadaie has closed its seed funding round, led by VentureSouq with participation from Graphene Ventures, RZM Investments, Arab National Bank, and Alinma Bank.
- The company will use the funding to strengthen regulatory compliance, enhance cybersecurity, and develop its tech infrastructure.
- Founded in 2022, Wadaie provides Sharia-compliant savings and investment solutions for both individuals and businesses through a unified platform.
Saudi fintech startup Wadaie, specializing in financial solutions, has announced the successful closure of its seed funding round, led by VentureSouq with participation from Graphene Ventures, RZM Investments, Arab National Bank, and Alinma Bank.
The proceeds from this round will be directed towards strengthening regulatory compliance, implementing best practices in cybersecurity, expanding tech infrastructure, and developing a broader suite of financial products aimed at improving customer experience and building trust in the platform.
Founded in 2022, Wadaie focuses on delivering innovative Sharia-compliant savings and investment solutions that combine simplicity with compliance. The platform enables individuals to access deposit returns through a unified interface, while providing companies with secure and efficient tools to better manage treasury and liquidity.
Through partnerships with several Saudi banks, Wadaie has also opened new access channels for financial institutions to reach additional markets and customer segments—supporting liquidity diversification and reinforcing its role as a strategic partner in advancing the local financial sector.
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