Riyadh – Sharikat Mubasher: Saudi fintech Wadaie announced closing a Seed funding round led by VentureSouq, with participation from Graphene Ventures, RZM Investments, Arab National Bank, and Alinma Bank. The company did not disclose the investment amount.

The startup plans to use the capital to strengthen regulatory compliance, enhance cybersecurity, expand its technical infrastructure, and introduce new investment products, as per a recent press release.

Founded in 2022, Wadaie offers a digital platform for Shariah-compliant time deposit investments across all Saudi banks, enabling individuals and businesses to access high-yield products without opening multiple accounts.

Wadaie has onboarded more than 29,000 users and was named one of the Top 50 Fintech Companies in the Middle East for 2025. A mobile app is slated for release in Q2 2025, supporting Saudi Arabia’s Vision 2030 goals of broadening financial inclusion and digital savings options.