# Sarwa Digital Wealth

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sarwa-digital-wealth

- Industry: Financial Services
- Headquarters: Dubai, United Arab Emirates
- Website: www.sarwa.co
- Total disclosed funding: $16M
- Latest round: Series B (Aug 9, 2021)
- Investors on record: 14

## About

Sarwa Digital Wealth Limited, based in the United Arab Emirates, specializes in providing innovative investment and personal finance solutions to enhance financial accessibility for individuals in the MENA region.Founded in 2017, Sarwa Digital Wealth Limited operates out of Dubai, United Arab Emirates, offering a new approach to personal finance management. The company was co-founded by Jad Sayegh, Mark Chahwan, and Nadine Mezher. Sarwa has completed a total of 5 deals, with the most recent being a Series B funding round on August 9, 2021, which raised USD 15.00 mn led by Mubadala Investment Company alongside other notable investors.  Sarwa Digital Wealth Limited provides a comprehensive suite of investment and personal finance solutions to enhance financial accessibility for clients in the MENA region. Its core offerings include a cash account with a competitive annual interest rate of 3%, catering to savers seeking better yields in a traditionally limited banking environment. Additionally, the firm offers a zero-commission trading platform for global stocks and exchange-traded funds (ETFs), enabling individual investors to diversify their portfolios without incurring high trading costs. With over 40,000 registered users, primarily in the UAE, Sarwa's financial products are tailored to meet modern investment needs.Sarwa operates on a revenue model that includes income from managing high-yield savings accounts and providing zero-commission trading for stocks and ETFs, which facilitates seamless transactions for individual investors. Clients can deposit funds into their cash accounts or trade through the platform, benefiting from Sarwa's technology-driven approach. The firm has received strong backing, including USD 15.00 mn in funding led by Mubadala Investment Company, indicating robust support for its operational strategies.Following the Series B funding round in August 2021, Sarwa Digital Wealth Limited plans to utilize the USD 15.00 mn investment to expand its market position, grow its team, and launch new products that address all aspects of personal finance. The company is focused on developing new offerings and intends to explore further expansion into additional markets in the MENA region to enhance its service reach and client base.

## Funding rounds

- Series B, Aug 9, 2021, $15M — Dubai International Financial Centre Authority, Mubadala Investment Company, Kuwait Projects Company, 500 Global, Middle East Venture Partners, Salica Investments, Shorooq Partners, Vision Ventures, Hala Ventures
- Series A, Jan 22, 2020 — Dubai International Financial Centre Authority, Kuwait Projects Company, 500 Global, Middle East Venture Partners, Salica Investments, Saned Equity Partners, Shorooq Partners, Phoenician Funds, Vision Ventures, Hala Ventures, Mindshift Capital, Abu Dhabi Investment Office
- Seed, Sep 2, 2018, $1.3M — 500 Global, Middle East Venture Partners, Saned Equity Partners, Shorooq Partners, Women's Angel Investor Network, Hala Ventures
- Seed, Sep 16, 2017 — Shorooq Partners

## Investors

- Shorooq Partners (https://capitalatlas.ai/funds/shorooq-partners) — Seed, Series A, Series B
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A, Series B
- Middle East Venture Partners (https://capitalatlas.ai/funds/middle-east-venture-partners) — Seed, Series A, Series B
- Saned Equity Partners (https://capitalatlas.ai/funds/saned-equity-partners) — Seed, Series A
- Women's Angel Investor Network (https://capitalatlas.ai/funds/women-s-angel-investor-network) — Seed
- Hala Ventures (https://capitalatlas.ai/funds/hala-ventures) — Seed, Series A, Series B
- Dubai International Financial Centre Authority — Series A, Series B
- Kuwait Projects Company (https://capitalatlas.ai/funds/kuwait-projects-company) — Series A, Series B
- Salica Investments (https://capitalatlas.ai/funds/salica-investments) — Series A, Series B
- Phoenician Funds (https://capitalatlas.ai/funds/phoenician-funds) — Series A
- Vision Ventures — Series A, Series B
- Mindshift Capital (https://capitalatlas.ai/funds/mindshift-capital) — Series A
- Abu Dhabi Investment Office — Series A
- Mubadala Investment Company — Series B