Saudi fintech startup Wadaie has closed its seed funding round led by VentureSouq, with participation from Graphene Ventures, RZM Investments, Arab National Bank, and Alinma Bank.
The new funding will be deployed to strengthen regulatory compliance and cybersecurity practices, expand technology infrastructure, broaden the company’s product suite, and enhance customer experience.
Founded in 2022, Wadaie offers a unified platform for Sharia-compliant saving and investment, giving individuals access to deposit returns while enabling companies to optimise treasury and liquidity management with secure, efficient tools.
The company’s partnerships with leading Saudi banks have opened new access channels, allowing banks to reach additional customer segments and diversify their liquidity sources.
