Sarwa, an Emirati automated investment platform co-founded by three Lebanese – Mark Chehwan, Judd Sayegh and Nadine Mezhere – is one of the top 25 financial technology (fintech) companies in the world in the Forbes Middle East 2022 ranking.
Founded in 2017, it has already managed to raise $25 million from a number of investors including Mubadala Investment Company, 500 Startups, Kuwait Projects Company, Shorooq Partners, Middle East Venture Partners (MEVP), DIFC, Hambro Perks Oryx Fund , HALA Ventures. and Vision Ventures.
Through its platform, Sarwa offers personalized and digital financial services by combining expert advice with algorithms depending on the customer’s profile. In addition to this, it has a commission-free stock trading platform that allows you to invest from the dollar on major international exchanges, and a cryptocurrency exchange platform.
To compile this list, Forbes selected all companies in the Middle East that integrate the use of new technologies in the financial sector, especially those related to payments, insurance, blockchain (block chain), cryptocurrencies, digital banks, investments, wealth. management, loans and personal finance. On the other hand, it excluded companies owned by foreign exchange companies, traditional banks, governments or telecommunications companies.
This panel then looked at several criteria to determine the top 25 fintech companies. Including envelope of funds processed, number of downloads and active users, number of countries in which they are located, their growth and funding received. And as for the final ranking of the 25 companies, Forbes says that, unlike most of its rankings, the results of this list are presented only in “alphabetical order” and that it is “not about ‘ranking’. . . .
Of these 25 selected fintech companies, 8 are located in the United Arab Emirates, 5 in Egypt and Saudi Arabia respectively, and 3 in Kuwait. The others operate from Bahrain (2) and Jordan (1), but the latter is simultaneously located in the United Arab Emirates and Saudi Arabia.
Sarwa, an Emirati automated investment platform co-founded by three Lebanese – Mark Chehwan, Judd Sayegh and Nadine Mezhere – is one of the top 25 financial technology (fintech) companies in the world in the Forbes Middle East 2022 ranking. Founded in 2017, it has already managed to raise $25 million from many…
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