InvestSky Expands to Saudi Arabia with $4M Seed Round

UAE based fintech InvestSky enters Saudi Arabia after a $4 million seed round and CMA approval, partnering with anb Capital to expand social first retail investing across the Kingdom and the wider MENA region.

UAE based fintech startup InvestSky has officially expanded into Saudi Arabia after securing a $4 million seed round and receiving a Financial Technology Experimental Permit from the Capital Market Authority (CMA). The move is supported by a strategic partnership with anb Capital, allowing InvestSky to operate within a regulated framework while rolling out its social first investment model to Saudi retail investors. The details of the expansion, licensing, and partnership were first reported by Wamda, which highlighted the significance of regulatory backing in enabling fintech startups to scale within the Kingdom.

The seed round was led by Emkan Capital, with participation from Run Ventures, S3 Ventures (by Joa Capital), Al-Romaizan Family Office, and other regional backers. With this raise, InvestSky’s total funding now stands at $7.4 million, following a $3.4 million pre-seed round in January 2023, signaling sustained investor confidence in its community driven investment model. This funding trajectory and investor lineup were detailed in a report by Arab News, which positioned InvestSky among a growing cohort of venture-backed fintech players in the Gulf.

Founded in 2021 by Nitish Mittal and Turki Alalshaikh, InvestSky operates as a social trading platform that provides retail investors with access to both Saudi and U.S. equities, while integrating real time community insights, portfolio sharing, and collaborative investing features. The company has framed its product as a hybrid between traditional brokerage platforms and newer social investment apps, tailoring its user experience to Gulf market regulations and local investor behavior. This positioning and product focus were outlined by Wamda in its coverage of the company’s Saudi market entry.

The newly raised capital will be directed toward scaling operations in Saudi Arabia, strengthening compliance and trading infrastructure, and expanding user acquisition efforts across the wider MENA region. InvestSky has also signaled plans to deepen integrations with local financial institutions and enhance its social investing tools as user engagement grows. Additional details on its expansion strategy and partnership with anb Capital were reported via TradingView/Reuters.

InvestSky’s move into Saudi Arabia places it alongside a broader wave of regional fintech platforms targeting retail investors, including startups such as Sarwa and Baraka, which have similarly worked to democratize access to regional and international markets. Sarwa, for example, has grown to serve tens of thousands of users across the UAE and GCC, illustrating the scale of demand for digitally native investment platforms in the region and the competitive landscape InvestSky is now entering.