5 years ago

Sarwa Raises $8.4M Series A to Expand Robo-Advisory Services in UAE

  • UAE-based FinTech startup Sarwa has secured $8.4 million in Series A funding led by Kuwait Projects Company Holding (KIPCO)

  • The round also included participation from Dubai International Financial Center (DIFC), Abu Dhabi Investment Office (ADIO), 500 Startups, Vision Ventures, Hambro Perks, Shorooq Partners, Hala Venture Capital, Phoenician Funds, and Mindshift Capital

  • Sarwa plans to use the funding to strengthen its position in the UAE and expand its operations to Abu Dhabi

  • The company provides robo-advisory services, offering automated investment solutions to individuals

  • Sarwa has experienced significant growth since its founding in 2017, with over 10,000 users registered and a month-over-month growth rate exceeding 20%.

      • ProblemFinancial Services

      "Saving and investing can be complicated, intimidating, and inaccessible for many people, especially younger generations, leading to a lack of financial planning and wealth building."

      Solution

      "Sarwa offers a user-friendly, digital platform that simplifies investing through robo-advisory, making it easy and affordable for anyone to grow their wealth with personalized portfolios and automated tools."

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