Tech Company Financing Transactions

Abyan Capital Funding Round

STV Group, RZM Investments and Wa'ed Ventures participated in a $18 million Series A capital raise for Abyan Capital. The financing round was announced on 5/2/2024.

Transaction Overview

Company Name
Abyan Capital
Announced On
5/2/2024
Transaction Type
Venture Equity
Amount
$18,000,000
Round
Series A
Investors

STV Group (Lead Investor) (Yazeed Alturki)

RZM Investments (Abdullah Alkasbi)

Wa'ed Ventures (Fahad Alidi)

Proceeds Purpose
The newly secured funds will be utilised to further enhance Abyan's platform, expand its suite of financial products, and accelerate its market penetration across the investment solution value-chain. The investment will also support the company's mission to provide access to sophisticated investment tools and instruments, enabling a wider segment of the population to participate in and benefit from global and local financial markets.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
Anas Bin Malik Road
Riyadh, 13525
Saudi Arabia
Phone
Undisclosed
Website
www.abyancapital.sa
Email Address
[email protected]
Overview
We believe in Abyan that long-term investment is the foundational building block of financial life. Balanced. Abian Financial was created to provide an easy and automated solution for individuals' long-term investments through portfolios designed by experts with an automated process that only takes minutes. It is a company authorized by the Capital Market Authority to work in the field of automated advisors.
Profile
Abyan Capital LinkedIn Company Profile
Social Media
Abyan Capital Company Twitter Account
Company News
Abyan Capital News
Facebook
Abyan Capital on Facebook
YouTube
Abyan Capital on YouTube

Management Team

Title
Name
Email & Social
Chairman
Abdulaziz Al-Adwani
  Abdulaziz Al-Adwani LinkedIn Profile  Abdulaziz Al-Adwani Twitter Account  Abdulaziz Al-Adwani News  Abdulaziz Al-Adwani on Facebook
Chief Executive Officer
Abdullah Al-Jariwi
  Abdullah Al-Jariwi LinkedIn Profile  Abdullah Al-Jariwi Twitter Account  Abdullah Al-Jariwi News  Abdullah Al-Jariwi on Facebook
VP - Product Management
Saleh Al-Aqeel
  Saleh Al-Aqeel LinkedIn Profile  Saleh Al-Aqeel Twitter Account  Saleh Al-Aqeel News  Saleh Al-Aqeel on Facebook

 

 

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