About Niyah
Niyah is a Financial Services company based in Birmingham (United Kingdom) founded in 2018, and was acquired by Wahed in December 2020. It operates as a mobile-only Islamic banking services are provided by Niyah. The company has 10 employees. The company was acqui-hired. Niyah offers products and services including Investment App, Zakat Calculator, and Portfolio Performance Calculator. Its focus areas include FinTech, Banking Tech, Internet First Banks and Through Bank Partnerships. Its legal entity is NIYAH LTD. Its competitors include Stash, Kroo, Algbra, Fintech Farm and Dozens and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters Birmingham, United Kingdom
- Employees 10
- Stage Acquired
- SectorsFinancial Services
- Website getniyah.com
- Social LinkedIn X Facebook
- Acquired by Wahed (Dec 2020)
- Legal Name Niyah Ltd
Products & Services of Niyah
Niyah offers a comprehensive portfolio of products and services, including Investment App, Zakat Calculator, and Portfolio Performance Calculator.
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
Investors in Niyah
Niyah has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Wahed.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Shariah-compliant investments and savings are offered to individuals. | 2017 | wahed.com | New York, United States |
Investor details for Niyah
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Timeline of Niyah
2 dated milestones of Niyah across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Niyah is founded.
- Exit Acquired by Wahed.
Competitors of Niyah
Niyah has 8 listed competitors in our database, 7 of them funded. They include Stash, Kroo, Algbra, Fintech Farm and Dozens, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stash.com | 2015 | New York, United States | $747.48M | – | Automated investment and robo-advisory services are offered to individuals. | |
| kroo.com | 2016 | London, United Kingdom | $88.9M | 30 | Provider of digital banking services for individuals | |
| algbra.com | 2017 | Manchester, United Kingdom | $5.29M | 4 | A digital banking platform is provided for individual users. | |
| fintech-farm.com | 2020 | London, United Kingdom | $61.4M | 3 | Digital banking services for individuals are offered. | |
| dozens.com | 2018 | London, United Kingdom | $33.88M | 37 | Provider of retail banking services | |
| ffrees.co.uk | 2012 | Sheffield, United Kingdom | $24.92M | 48 | Current accounts and money management apps are provided to individuals. | |
| getbabb.com | 2016 | London, United Kingdom | $1.78M | – | Online banking solutions for cryptocurrency transactions are provided. | |
| thinkmoney.co.uk | 2005 | Manchester, United Kingdom | – | 303 | Personal current accounts with prepaid debit cards are provided. |
Detailed competitors of Niyah
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Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as Niyah (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Related news about Niyah
Complete news archive for Niyah
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Frequently Asked Questions about Niyah
Niyah was founded in 2018.
Niyah is headquartered in Birmingham, United Kingdom. It is registered at Birmingham, England, United Kingdom.
Niyah has 10 employees.
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.
Niyah offers Investment App, Zakat Calculator, and Portfolio Performance Calculator.
Niyah has 1 investor. Key investors include Wahed.
Niyah operates through Niyah Ltd.
Yes. Niyah was acquired by Wahed in December 2020.