UAE fintech Sarwa closes $15m Series B financing round

UAE fintech Sarwa closes $15m Series B financing round

UAE based investment and personal finance platform Sarwa has closed a $15m Series B financing round. The round was led by Mubadala Investment Company with 500 Startups, Kuwait Projects Company, Shorooq Partners, Middle East Venture Partners, DIFC, Hambro Perks Oryx Fund, HALA Ventures and Vision Ventures also participating. Representatives of Mubadala and 500 Startups are joining the firm’s board of directors. Sarwa will use the new capital to further expand its market position and grow the team, as well as launch new products. Sarwa has raised around $25m from regional and international investors, as well as government funds to date. “Thousands of clients already use Sarwa to grow their money and build a better future, and this investment will fuel our growth so that we can reach millions more. We want to ensure that everyone has access to simple, smart, and affordable financial products and services. Sarwa is built on the combination of innovative tech and a customer-centric brand. Having the support of some of the world’s leading investors proves that Sarwa is well-positioned to lead this transformation in the region. We will continue helping our clients build for a better financial future,” said Mark Chahwan, co-founder and CEO of