Sarwa is a Dubai-based fintech company, and its founders are Nadine Mezher, Jad Sayegh, and Mark Chahwan. Sarwa is a personal finance and investment platform. Sarwa raised $15 million in a Series B financing round led by Mubadala Investment Co, the sovereign investor of Abu Dhabi. The mobile platform Sarwa will use the funding it received from Mubadala to expand its team and also launch new digital products.
In just three years, Sarwa has carved a name for itself by nearly doubling its client funds and expanding its product base to include a wider range of securities and asset classes.
The other investors include around 500 Startups, Shorooq Partners, Kuwait Projects Company, Middle East Venture Partners, Hambro Perks Oryx Fund, DIFC, Vision Ventures, and HALA Ventures. The representatives of Mubadala Investment Co. and the 500 Startups will join the board of directors of Sarwa.
Sarwa is a partner of Abu Dhabi’s Hub71 community regulated by the ADGM Financial Services Regulatory Authority and the Dubai Financial Services Authority. Sarwa will use the new capital it gained to push new boundaries to expand its market position further.
Sarwa will concentrate on growing its team further and will also launch several new digital products. With the help of its mobile app, Sarwa aims to deliver varied personal finance products, such as Sarwa Crypto and Sarwa Trade.
The Head of Ventures and Growth at Mubadala Investment Co, Mr. Ibrahim Ajami, said that the quality of the founders is of paramount importance, and the management team of Sarwa has the vision and passion to lead the company into its next chapter of growth.
Mubadala is a global investment company. It is a sovereign investor, owned by the Government of Abu Dhabi. In alignment with the vision of HH Sheikh Zayed bin Sultan Al Nahyan, Mubadala manages a global and diverse portfolio of assets and investments in the United Arab Emirates and abroad. Mubadala’s business is nearly $243 billion (AED 894 billion), and it spans six continents with interests across multiple sectors and asset classes. Mubadala’s business is to generate sustainable financial returns for its shareholder, the Government of Abu Dhabi.