Niyah

Birmingham, United Kingdom Founded: 2018 • Age: 8 yrs Acquired By Wahed
Mobile-only Islamic banking services are provided by Niyah.
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About Niyah

Niyah is a company based in Birmingham (United Kingdom) founded in 2018 was acquired by Wahed in December 2020.. The company has 10 employees as of January 31, 2021. Niyah offers products and services including Investment App, Zakat Calculator, and Portfolio Performance Calculator. Niyah operates in a competitive market with competitors including Stash, Kroo, Algbra, Fintech Farm and Dozens, among others.

  • Headquarter Birmingham, United Kingdom
  • Employees 10 as on 31 Jan, 2021
  • Sectors
    Financial Services
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Niyah Ltd
Operational Areas
Financial Services → FinTech & Digital Finance
Financial Services → FinTech & Digital Finance
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    10

    as on Jan 31, 2021

  • Acquired by
    Wahed

    (Dec 17, 2020)

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Products & Services of Niyah

Niyah offers a comprehensive portfolio of products and services, including Investment App, Zakat Calculator, and Portfolio Performance Calculator. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

App for Shariah-compliant investing and portfolio management

Tool to estimate Zakat based on investment portfolio values

Calculator for historical performance based on risk tolerance

Funding Insights of Niyah

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Niyah

Niyah has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Wahed. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Institutional
Investor Description Founded Year Domain Location
Shariah-compliant investments and savings are offered to individuals.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Niyah

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Niyah

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Niyah Comparisons

Employees
+
Add Comparison
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Competitors of Niyah

Niyah operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stash, Kroo, Algbra, Fintech Farm and Dozens, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Automated investment and robo-advisory services are offered to individuals.
domain founded_year HQ Location
Provider of digital banking services for individuals
domain founded_year HQ Location
A digital banking platform is provided for individual users.
domain founded_year HQ Location
Digital banking services for individuals are offered.
domain founded_year HQ Location
Provider of retail banking services
domain founded_year HQ Location
Current accounts and money management apps are provided to individuals.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Niyah

Wahed Inc: Announced it will acquire Niyah Ltd
Fintechinshorts5 years ago
Islamic fintech Wahed to acquire UK challenger bank Niyah
Retailbankerinternational5 years ago
Islamic banking app Niyah launches in UK
Fintechfutures6 years ago

Frequently Asked Questions about Niyah

When was Niyah founded?

Niyah was founded in 2018.

Where is Niyah located?

Niyah is headquartered in Birmingham, United Kingdom. It is registered at Birmingham, England, United Kingdom.

How many employees does Niyah have?

As of Jan 31, 2021, the latest employee count at Niyah is 10.

What does Niyah do?

Niyah was founded in 2018 in Birmingham, United Kingdom, as a mobile-only Islamic bank. Interest-free current accounts and savings accounts are offered through its digital platform. Operations focus on Sharia-compliant financial services within the fintech sector. The service is accessible via the domain getniyah.com, targeting users seeking ethical banking options without physical branches.

Who are the top competitors of Niyah?

Niyah's top competitors include Stash, Kroo and Algbra.

What products or services does Niyah offer?

Niyah offers Investment App, Zakat Calculator, and Portfolio Performance Calculator.

Who are Niyah's investors?

Niyah has 1 investor. Key investors include Wahed.

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