Abyan Capital Secures $18 Million in Series A Funding to Expand Robo-Advisory Services in Saudi Arabia

Abyan Capital, the pioneering robo-advisory firm in Saudi Arabia, has successfully closed a $18 million Series A funding round, led by STV and supported by Wa'ed Ventures and RZM Investment.
Launched in 2022, Abyan Capital has transformed the financial advisory scene in the Kingdom by offering automated, user-friendly, and Shariah-compliant investment services. The funds will be used to enhance their platform, broaden their financial product range, and increase market presence.

CEO Abdullah Aljeraiwi emphasized Abyan's commitment to simplifying personal investment across Saudi Arabia, highlighting the company's achievements in managing over 1.4 billion Saudi Riyals and servicing more than 100,000 portfolios. The new capital will also aid in introducing innovative investment solutions, aiming to establish Abyan as a leading digital retail investment house.

The investment reflects a strong belief in the potential of Saudi Arabia's growing investment sector and Abyan's role in promoting financial inclusion and achieving the Kingdom's Vision 2030 savings goals.