Myne, a revolution in wealth and asset tracking, announced today that it has successfully closed its pre-seed funding round and raised $2 million. Leading the new investment round were Scene Holding, Raz Holding, Annex Investments, a group of strategic angel investors, and Plus VC, the most active venture capital firm in the MENA. Reaching this milestone will help Myne further its goal of revolutionizing the way that people and businesses monitor and handle their money.
Myne was started in 2024 after Karim discussed the frustration of juggling disparate assets and financial information across several platforms with a friend from college who is now a founding investor. When a grieving family struggled to manage a loved one’s finances, the urgency increased, underscoring the significance of monitoring and protecting wealth for those who need it most. Karim’s experience in technology helped to resolve the issue, and a platform was created to streamline wealth management by combining all assets in real-time and making sure they are secure, accessible, and well-organized.
“We are excited to be supported by visionary investors who share our dedication to revolutionising financial management,” said Karim Chouman, Founder and CEO of Myne. “This funding reflects the strength of our vision, the innovation driving Myne, and the confidence our investors have placed in us.”
“Our strategy is to help simplify wealth management for our clients, and we are proud to see significant interest since our launch, which resonates with our vision of transforming financial management. This round of funding not only validates our innovative approach but also strengthens our commitment to empowering clients with tools to seamlessly track their net worth, manage their finances, and protect their assets.”
With this funding, Myne will be able to expand its operations, strengthen its technological infrastructure, boost user acquisition, support its innovation pipeline, and develop a regional expansion roadmap. Myne wants to make a solid name for itself in the UAE in its first year before expanding to Saudi Arabia and the other GCC countries. With this funding round, Myne’s standing as a frontrunner in the fintech industry, ready to revolutionize the way people view and handle their financial well-being, is cemented.
Sultan Ghaznawi from Scene Holding said, “We see enormous potential in Myne’s approach to financial well-being. The platform’s ability to aggregate diverse assets and provide real-time integration is a game-changer in personal finance. We are excited to support Myne Launch and their expansion in KSA and beyond.”
Hasan Haider, Managing Partner from Plus VC, added, “Myne represents the future of financial empowerment. Their innovative platform addresses critical gaps in wealth management, enabling individuals and businesses to take control of their financial futures. We are excited to support Karim and his team as they scale their business and lead the way as pioneers in this space.”
Myne provides businesses, professionals, and individuals with an easy-to-use platform that includes extensive financial management tools. Myne helps users make better financial decisions and safeguard their futures by filling in the gaps in estate planning, budgeting, spending, and wealth tracking. Myne supports more than ten currencies and can sync an infinite number of banking assets, including banks, stocks, cryptocurrency brokers, exchanges, and wallets. A comprehensive solution for financial well-being is offered to users through a personal wealth dashboard that includes real-time price updates, user-friendly budgeting tools, and connections to elite wealth planners.
