About Wahed
Wahed is a Financial Services company based in New York (United States) founded in 2017. It operates as a shariah-compliant investments and savings are offered to individuals. It operates on a FinTech and Subscription Services model in Financial Services and Technology sectors. Wahed has raised $95 million across 7 funding rounds from investors including Qatar Development Bank, Wa'ed Ventures and BECO Capital. Wahed has completed 3 acquisitions, including I Will Solicitors, Niyah and True Wills. Its website wahed.com draws about 179 thousand monthly visits. Wahed offers products and services including Halal Investing, Retirement Planning, and Real Estate Investment. Its focus areas include Financials, Investment Services and Islamic Finance. Its legal entity is Wahed Invest LLC. Its competitors include Betterment, Stash, Wealthsimple, Nutmeg and Wealthfront and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
Wahed Invest LLC is engaged in offering Shariah-compliant financial products and services aimed at creating a Riba-free society. The company operates in the Islamic finance sector, providing halal investment solutions including portfolios for wealth growth, retirement planning, and real estate investments. Services are tailored to align with clients values through rigorous Shariah certification by an independent committee of scholars. Tools such as Zakat calculators and portfolio performance calculators are also offered to assist clients in managing their investments and religious obligations. Wahed serves a global community across multiple regions including the United States, United Arab Emirates, United Kingdom, Malaysia, and Nigeria.
- Total Equity Funding$95M (USD)
in 7 rounds
- InvestorsQatar Development Bank
& 9 more
- Investments & AcquisitionsI Will Solicitors
& 2 more
Products & Services of Wahed
Wahed offers a comprehensive portfolio of products and services, including Halal Investing, Retirement Planning, and Real Estate Investment.
Shariah-compliant investments are offered for wealth growth.
Retirement portfolios are managed with halal principles.
Halal real estate investments are provided for clients.
Funding Insights of Wahed
Wahed has successfully raised a total of $95M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $95M
- Total Rounds 7
- First Round $5M
(Jun 2017)
- Investors Count 10
All 7 funding rounds of Wahed with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2024 | – | Series B | – | Qatar Development Bank | – |
| Jun 2022 | $50M | Series B | – | Wa'ed Ventures | – |
| Jun 2020 | $25M | Series B | – | Wa'ed Ventures | |
| Oct 2019 | – | Series A | – | Dubai Cultiv8 | – |
| Oct 2018 | $8M | Series A | – | – | |
| Nov 2017 | $7M | Seed | – | – | |
| Jun 2017 | $5M | Seed | – | – |
10 investors in total: 6 institutional and 4 angel.
Investors in Wahed
Wahed has secured backing from 10 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Qatar Development Bank, Wa'ed Ventures and BECO Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | waed.net | - | |
Venture capital investments are provided to startups in the Gulf and MENA region. | – | becocapital.com | Dubai, United Arab Emirates | |
Cue Ball is engaged in venture capital investments. | – | cueball.com | Boston, United States | |
Dubai Cultiv8 is engaged in Shariah-compliant asset management. | – | dubaicultiv8.com | Dubai, United Arab Emirates | |
Support is provided for business growth and diversification in Qatar. | – | qdb.qa | Doha, Qatar | |
Manages diversified investment portfolios across various asset classes for clients. | 2006 | rasameel.com | Kuwait City, Kuwait | |
KJ Khalid Jassim | Angel investor and entrepreneur, focusing on tech startups in India. | – | unknown_95eda8e6e5bc4d3e9 | - |
NB Nasr-eddine benaissa | - | – | unknown_b416f9ce3e7149e8b | - |
LN Laurent Nordin | - | – | unknown_b1efe098a40c49788 | - |
JE John Elkhair | - | – | unknown_ffb3e3b3639348b99 | - |
Investor details for Wahed
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Wahed
39 people are tracked at Wahed (12 in leadership, 27 in team).
| Name | Role | Group |
|---|---|---|
Fiza Ambreen | Head Of Compliance & MLRO | Leadership |
Ali Abdulkadir Ali | VP - Global Product | Leadership |
Abul Fazal Salah Uddin | Head of Private Clients Services UK | Leadership |
Samim Abedi | Chief Investment Officer | Leadership |
Umer Suleman | Chief Risk Officer (cro) | Leadership |
Arief Fahruri, CFP®, IFP® | Country Head - Indonesia | Leadership |
Arif Shanji | Chief Technology Officer | Leadership |
As'ad Layth | VP Business Development | Leadership |
Elrachel B. | Head Of Support | Leadership |
Musa Abdul-Basser | Chief Legal Officer / Global General Counsel | Leadership |
Tata Agung Hidayat | Head Of Department | Leadership |
Zayan Yassin | Chief Executive Officer | Leadership |
Amaury Nordin | Financial Analyst | Team |
Darshana Nabar | Sr. Risk Manager | Team |
Krishna Karthik | Group Product Manager | Team |
ABDULLAH SHAIKH | Manager Technology and Cybersecurity | Team |
Zohaib Ahmed | Senior Software Engineer | Team |
Idham Edryzal | Senior Client Experience Specialist | Team |
Mari Gerian Piator | Customer Support Team Lead | Team |
Muhammad Akmal Hazim Hafizul Rasydan | Senior Backend Engineer | Team |
19 more people are available in the full profile.
Complete people profiles for Wahed
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Wahed
Wahed has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include I Will Solicitors, Niyah and True Wills.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of online Islamic will creation and related services | truewills.co.uk | Milton Keynes, United Kingdom | 2020 | Feb 2023 | •••• | |
Inheritance tax, probate, and charity registration services are offered. | iwillsolicitors.com | Birmingham, United Kingdom | 2007 | Feb 2023 | •••• | |
Mobile-only Islamic banking services are provided by Niyah. | getniyah.com | Birmingham, United Kingdom | 2018 | Dec 2020 | •••• |
Complete acquisition details for Wahed
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Wahed
6 dated milestones of Wahed across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Wahed is founded.
- Funding First funding round of $5.0M.
- Acquisition Acquires Niyah.
- Acquisition Acquires I Will Solicitors.
- Acquisition Acquires True Wills.
- Funding Latest funding round, Series B,.
Competitors of Wahed
Wahed has 8 listed competitors in our database, 8 of them funded. They include Betterment, Stash, Wealthsimple, Nutmeg and Wealthfront, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| betterment.com | 2010 | New York, United States | $335M | 399 | App-based automated investment and retirement planning platform | |
| stash.com | 2015 | New York, United States | $747.48M | – | Automated investment and robo-advisory services are offered to individuals. | |
| wealthsimple.com | 2014 | Toronto, Canada | $1.29B | 1,251 | Online robo advisory and stock trading services are provided. | |
| nutmeg.com | 2011 | London, United Kingdom | $180.39M | 163 | Digital wealth management services are provided for investors. | |
| wealthfront.com | 2008 | Palo Alto, United States | $204.67M | 200 | Robo-advisory and financial planning services are provided for investments. | |
| kristal.ai | 2016 | Singapore | $19.1M | 42 | AI-based asset management is offered for individual investors. | |
| stashaway.sg | 2016 | Singapore | $74.71M | – | Robo advisory and savings services are provided via mobile app. | |
| ellevest.com | 2014 | New York, United States | $155.41M | 89 | Automated investment platform for women is provided via mobile app. |
Detailed competitors of Wahed
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Wahed
The website of Wahed (wahed.com) receives about 178.8K visits a month and ranks #202,740 among all websites worldwide, #2,172 in Investing.
- Monthly visits178.8K
▼ 17.4% vs previous month
- Unique visitors84.4K
per month
- Global rank#202,740
among all websites
- Category rank#2,172
Finance · Investing
- Bounce rate46%
- Pages per visit2.5
- Average visit1 min 07 sec
- DevicesDesktop 21% · Mobile 79%
Websites whose visitors overlap most with Wahed. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
saturna.com | saturna.com | 100% | – | #555,412 | – |
islamicly.com | islamicly.com | 95% | – | #475,962 | – |
| wealthface.com | 90% | – | – | View details | |
| investaaa.com | 85% | – | #5,421,050 | View details | |
| zoya.finance | 83% | 245.5K | #185,808 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Wahed
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Islamic FinTech Solutions
10 companies that operate in the same segment as Wahed (Islamic FinTech Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
FWD Group is recognized as an innovative insurance provider. | 2013 | Hong Kong, Hong Kong, China | USD 1.83 B | USD 4.35 B | 11,261 | |
Business loans are connected via an online P2P lending platform. | 2015 | Jakarta, Jakarta, Indonesia | USD 254.32 M | – | – | |
Micro-entrepreneurs and SMEs are linked to investors through P2P lending. | 2010 | Cilandak, Jakarta, Indonesia | USD 53 M | – | – | |
Buy-now-pay-later installment solutions are provided for retail shoppers. | 2020 | Riyadh, Riyadh Province, Saudi Arabia | USD 556 M | – | 1,550 | |
Unpaid invoices are financed through an online P2P marketplace. | 2019 | Riyadh, Saudi Arabia | USD 35.17 M | – | – | |
Embedded finance solutions are provided for small businesses. | 2007 | London, England, United Kingdom | USD 42 M | – | – | |
Abhi is recognized as a fintech company in Pakistan. | 2021 | Karachi, Sindh, Pakistan | USD 19.13 M | – | – | |
Financial services are provided for MSMEs, investors, and businesses. | 2015 | Lahore, Punjab, Pakistan | USD 24.5 M | – | – | |
Developer of AI and cloud-based banking software suite | 1993 | Geneve, Geneve, Switzerland | – | USD 1.14 B | 6,430 |
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Related news about Wahed
Complete news archive for Wahed
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Frequently Asked Questions about Wahed
Wahed was founded in 2017.
Wahed is headquartered in New York, United States. It is registered at New York, New York, United States.
Wahed is a funded company, having raised a total of $95M across 7 funding rounds to date. The company's 1st funding round was a Seed of $5M, raised on Jun 2017.
Wahed Invest LLC is engaged in offering Shariah-compliant financial products and services aimed at creating a Riba-free society. The company operates in the Islamic finance sector, providing halal investment solutions including portfolios for wealth growth, retirement planning, and real estate investments. Services are tailored to align with clients values through rigorous Shariah certification by an independent committee of scholars. Tools such as Zakat calculators and portfolio performance calculators are also offered to assist clients in managing their investments and religious obligations. Wahed serves a global community across multiple regions including the United States, United Arab Emirates, United Kingdom, Malaysia, and Nigeria.
Wahed's top competitors include Betterment, Wealthsimple and Stash.
Wahed offers Halal Investing, Retirement Planning, and Real Estate Investment.
Wahed has made 3 acquisitions, including I Will Solicitors, Niyah, and True Wills.
Wahed has 10 investors. Key investors include Qatar Development Bank, Wa'ed Ventures, BECO Capital, Cue Ball, and Dubai Cultiv8.
Wahed operates through Wahed Invest Llc.
The website of Wahed receives about 179 thousand visits a month and ranks #202,740 among all websites worldwide.