Wahed raises $7 million for Halal-based investment platform

Wahed Editors

 

We’re excited to announce that we’ve closed our seed round after raising $7 million in funding from strategic investors and VCs.

The latest funding round includes investments from Cue Ball Capital, a leading VC out of New York City, as well as BECO Capital, a Middle-Eastern VC known for backing it’s regions unicorns. 

“We know that practicing Muslims believe in a complete approach to embracing Halal values but, until recently, have lacked the ability to easily incorporate investing into their ethical practices,” said Wahed CEO Junaid Wahedna, in a statement. “With the addition of 401k and IRA rollovers to our investing platform, Wahed is taking the next step toward being the preeminent, full-service Halal-focused investing platform for the Islamic community, giving Muslims and other Americans the opportunity to confidently and ethically invest in their futures.”

These funds will mainly be used to introduce new features to your Wahed account, launch new and complimentary products, as well as aid our international expansion.

For more information, please refer to the article on VentureBeat.

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