UAE-based stock fintech baraka raises $20m to fund expansion into KSA and GCC

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Wed, 2022-11-16 16:52

CAIRO: UAE-based fintech company baraka raised $20 million in a series A funding round to double down on Saudi expansion. 

With over 6,000 US-listed securities on its commission-free platform, baraka makes investing accessible to all with no minimum investment requirements. 

In an exclusive interview with Arab News, Feras Jalbout, CEO and founder of baraka, said that the company will utilize the majority of its funding for expansion and licensing in new markets. 

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