# Abyan Financial Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/abyan-financial-company

- Industry: Financial Services
- Headquarters: Riyadh, Saudi Arabia
- Website: www.abyancapital.sa
- Total disclosed funding: $18M
- Latest round: Series A (May 2, 2024)
- Investors on record: 3

## About

Founded in 2021 by Abdullah Aljeraiwi (CEO), Omar Almania, and Saleh Alaqeel (COO), and based in Riyadh, Saudi Arabia, Abyan Financial Company is a financial services company that offers an investment platform for individuals to facilitate long-term investments and savings. In May 2024, Abyan Financial Company raised SAR 68 million in Series A funding led by STV, with participation from other investors Saudi Aramco Entrepreneurship Ventures and RZM Investment.

The firm offers mobile applications called the Abyan App that use robo advisors to help users initiate long-term retail investments and offer personalized investment advice according to income, taxes, and financial goals. The platform offers tools to calculate potential returns and fosters understanding through a Knowledge Center, featuring articles and reports. 

The company intends to use the May 2024 funding to enhance its platform, expand its financial products, and accelerate its market penetration across the investment solution value chain.

## Funding rounds

- Series A, May 2, 2024, $18M — Saudi Aramco Entrepreneurship Ventures, STV, RZM Investment

## Investors

- Saudi Aramco Entrepreneurship Ventures (https://capitalatlas.ai/funds/saudi-aramco-entrepreneurship-ventures) — Series A
- STV (https://capitalatlas.ai/funds/stv) — Series A
- RZM Investment (https://capitalatlas.ai/funds/rzm-investment) — Series A