NYC-Based Fin-Tech Startup Wahed Invest Gains Multi-Million Dollar Investment from Dubai Cultiv8

New York headquartered, Shariah-compliant digital investment advisor startup, Wahed Invest, has scored a multi-million-dollar investment from Dubai Cultiv8 Investments, a full subsidiary of the Mohammed bin Rashid Fund for SME. As a long-term partner, Dubai Cultiv8 will offer growth and expansion capital, industry knowledge and expertise.

Wahed joins a strong investor base of top private entity funds, sovereign entities and prominent Family Offices around the world, which had helped in the global growth had helped it become the first Fin-tech startup in the region to get over $100 million-dollar valuation during the past year.

“Wahed Invest continues to strengthen its shareholder base with value-added strategic investors with values aligning to Wahed’s ambitious global mission,” says Junaid Wahedna, CEO at Wahed.

Dubai Cultiv8 is a shariah-compliant asset management company regulated by the Dubai Financial Services Authority (DFSA) to manage a collective investment fund and advise on financial products.

“The demand for Shariah-compliant financial solutions is increasing and it’s imperative that we adopt a culture of innovation. Partnering with disruptive Fin-tech startups like Wahed Invest, which is driving technological innovation in the Fin-tech sector, will open the door to best-in-class products that promote financial inclusion, literacy and most importantly, access to ethical investment opportunities to savers from all backgrounds,” says Arif Alawi, CEO of Dubai Cultiv8.