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.
The Kingdom has adopted the world’s leading standards for equity investing and look forward to being a long-term partner to investors here in the future.
Being the region’s largest economy, Saudi Arabia is attracting investor interest from around the world.
Saudi stock exchange raised $4.7 billion through 27 new listings in the first half of 2022, with a healthy pipeline of companies looking to list over the coming months. This is indicative evidence of the potential and positive impact of equity investing on the economy.
Established in 2021, baraka acts as a one-stop platform for investors by providing access to news and content for free to help users make informed and independent decisions.
Since its launch, baraka has seen robust growth with global investors like PayPal founder Peter Thiel’s Valar Ventures leading the round along with Knollwood, as the platform saw users signing up to its free and premium plans.