Riyadh - Sharikat Mubasher: The Saudi fintech company Bwatech concluded an agreement with Sharaka Financial Company to launch a private investment fund and raise an investment round to fuel Bwatech’s mission of developing innovative fintech solutions, according to the company’s statement.
The agreement was signed by Hashem Al Hekail, Co-Founder and CEO of BwaTech, during the premier fintech event in Saudi Arabia, 24 Fintech.
This collaboration came as part of Bwatech's efforts to consolidate its presence in the fintech sector locally and regionally, leveraging Sharaka’s wide experience in the investment management field.
Bwatech is licensed by the Saudi Central Bank (SAMA) to provide open banking and Letter of Guarantee (LG) services for individuals and corporates. It offers a full suite of services and products that connect businesses and individuals with diverse banks, enabling them to process financial transactions seamlessly via a unified platform.
Meanwhile, Sharaka Financial Company offers and manages a diverse range of investment funds crafted to meet investors’ needs while adhering to the principles of Islamic Shariah.
