About Wahed
Wahed is a company based in New York (United States) founded in 2017. It operates as a FinTech, and Subscription Services. 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. Wahed offers products and services including Halal Investing, Retirement Planning, and Real Estate Investment. Wahed operates in a competitive market with competitors including Betterment, Stash, Wealthsimple, Nutmeg and Wealthfront, among others.
- Headquarter New York, United States
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Wahed Invest Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$95 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Qatar Development Bank
& 9 more
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Employee Count
Employee Count
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Investments & Acquisitions
I Will Solicitors
& 2 more
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Products & Services of Wahed
Wahed offers a comprehensive portfolio of products and services, including Halal Investing, Retirement Planning, and Real Estate Investment. 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.
Shariah-compliant investments are offered for wealth growth.
Retirement portfolios are managed with halal principles.
Halal real estate investments are provided for clients.
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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 Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(06 Jun 2017)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series B - Wahed | Valuation | Qatar Development Bank |
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| Jun, 2022 | Amount | Series B - Wahed | Valuation | Wa'ed Ventures |
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| Jun, 2020 | Amount | Series B - Wahed | Valuation | Wa'ed Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Venture capital investments are provided to startups in the Gulf and MENA region.
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Founded Year | Domain | Location | |
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Cue Ball is engaged in venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of online Islamic will creation and related services
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2020 | ||||
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Mobile-only Islamic banking services are provided by Niyah.
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2018 | ||||
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Inheritance tax, probate, and charity registration services are offered.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wahed
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wahed Comparisons
Competitors of Wahed
Wahed 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 Betterment, Stash, Wealthsimple, Nutmeg and Wealthfront, 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 |
App-based automated investment and retirement planning platform
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| domain | founded_year | HQ Location |
Automated investment and robo-advisory services are offered to individuals.
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| domain | founded_year | HQ Location |
Online robo advisory and stock trading services are provided.
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| domain | founded_year | HQ Location |
Digital wealth management services are provided for investors.
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| domain | founded_year | HQ Location |
Robo-advisory and financial planning services are provided for investments.
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| domain | founded_year | HQ Location |
AI-based asset management is offered for individual investors.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wahed
Frequently Asked Questions about Wahed
When was Wahed founded?
Wahed was founded in 2017.
Where is Wahed located?
Wahed is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Wahed a funded company?
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 Series B of $25M, raised on Jun 06, 2017.
What does Wahed do?
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.
Who are the top competitors of Wahed?
Wahed's top competitors include Betterment, Wealthsimple and Stash.
What products or services does Wahed offer?
Wahed offers Halal Investing, Retirement Planning, and Real Estate Investment.
How many acquisitions has Wahed made?
Wahed has made 3 acquisitions, including I Will Solicitors, Niyah, and True Wills.
Who are Wahed's investors?
Wahed has 10 investors. Key investors include Qatar Development Bank, Wa'ed Ventures, BECO Capital, Cue Ball, and Dubai Cultiv8.
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