2 years ago

Wadaie Secures Pre-Seed Funding to Connect Depositors with Saudi Banks

  • Wadaie, a Saudi Arabian fintech startup, has raised pre-seed funding

  • The round was led by RZM Investments and Bunat Ventures, with participation from prominent Saudi angel investors

  • Wadaie's platform connects depositors with banks across Saudi Arabia, offering a convenient way to find the best returns on Shariah-compliant time deposits.

      • ProblemFinancial Services

      "Depositors in Saudi Arabia face challenges in finding the best interest rates on Shariah-compliant time deposits, requiring them to open multiple accounts at different banks."

      Solution

      "Wadaie provides a platform that connects depositors with all banks in Saudi Arabia, allowing them to compare and choose the highest returns on Shariah-compliant time deposits without opening new accounts."

      Covered on