Riyadh - Sharikat Mubasher: InvestSky, a leading social trading platform in MENA, announced receiving the Financial Technology Experimental Permit from the Capital Market Authority (CMA) to officially expand into Saudi Arabia as part of its regional expansion strategy.
This follows InvestSky’s successful closure of a $4 million seed round, backed by Emkan Capital, Run Ventures, S3 Ventures (by Joa Capital), Al-Romaizan Family Office, and other prominent regional investors, bringing total funding to $7.4 million, the company revealed in a statement today.
The new capital will help InvestSky broaden market access and enhance the investing experience for underserved retail investors across the region.
The expansion into the Saudi market is backed by a strategic partnership with anb Capital, which enables the platform to combine intuitive, social-first investing with robust regulatory infrastructure, giving Saudi-based investors seamless access to both US and local equities in a cost-efficient and regulated environment.
Nitish Mittal, Founder and CEO of InvestSky, commented: “Our CMA license and partnership with anb Capital change that equation. We are giving Saudi investors seamless access to both global and local markets through an intuitive and accessible platform. Saudi Arabia is a pivotal step in our mission to democratize investing across MENA."
In turn, Khalid Alghamdi, CEO of anb Capital, stated that the partnership with InvestSky reflects the company’s commitment to enabling responsible fintech innovation within a fully regulated framework. “By combining InvestSky’s technology with anb Capital’s regulatory infrastructure and market experience, we are supporting broader investor participation while maintaining the standards expected of the Saudi capital market,” he added.
InvestSky offers an all-in-one solution to provide investors across the MENA region with an efficient and enjoyable investing journey.
