UAE based fintech startup InvestSky has entered the Saudi market after closing a $4 million seed round. The expansion follows approval of a Financial Technology Experimental Permit from the Capital Market Authority. This move marks a major step in the company’s regional growth journey and strengthens its mission to simplify retail investing across MENA.
Founded in 2021, InvestSky focuses on social first investing. The platform allows everyday investors to access global markets with clarity, speed, and confidence. Saudi Arabia now stands at the center of that vision.
A Strategic Entry into the Saudi Market
InvestSky anchored its Saudi expansion through a strategic partnership with anb Capital. This collaboration blends social trading tools with institutional grade regulatory systems. It also represents a first of its kind model in the Kingdom.
The partnership enables:
- Regulated access to Saudi and US equities
- Lower barriers for retail investors
- A secure and cost efficient trading environment
This structure allows InvestSky to operate within a trusted framework while delivering modern investing tools tailored to local needs.
Strong Investor Backing Fuels Growth
The $4 million seed round attracted strong regional support. Investors include Emkan Capital, Run Ventures, S3 Ventures by Joa Capital, and Al Romaizan Family Office. The round brings total funding to $7.4 million.
The company plans to use the capital to:
- Scale operations in Saudi Arabia
- Expand access to regional and global markets
- Improve platform features for retail users
This funding strengthens InvestSky’s ability to grow fast while staying compliant and user focused.
A Platform Built for Retail Investors
InvestSky positions itself as MENA’s first social trading platform. It blends community insights with real time market data. The goal is simple. Make investing easier and more transparent.
Key platform features include:
- Social feeds with live investor insights
- Simplified tools for stock discovery
- Access to Saudi and US markets in one place
The platform targets underserved retail investors who seek clarity, not complexity.
Leadership Views on the Expansion
Turki Alalshaikh, Co Founder and Managing Director, described the CMA permit as a defining milestone. He highlighted the effort behind the approval and praised the partnership with anb Capital. He also expressed hope that this model sets a standard for future fintech collaborations in Saudi Arabia.
Nitish Mittal, Founder and CEO, emphasized access. He noted that Saudi retail investors have long faced high barriers to global markets. He stated that the license and partnership change that reality and move InvestSky closer to democratizing investing across MENA.
Supporting Responsible Fintech Innovation
Khalid Alghamdi, CEO of anb Capital, stressed the importance of regulation. He explained that the partnership supports innovation while maintaining strong market standards. The collaboration aims to widen investor participation without compromising trust or compliance.
InvestSky’s Saudi expansion signals growing momentum for regulated fintech innovation in the region. It also reflects rising demand for smarter, simpler, and more inclusive investing solutions.