UAE-based investment app, baraka raised $20 million in Series A led by Valar Ventures

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UAE-based investment app, baraka raised $20 million in Series A led by Valar Ventures, a venture capital firm backed by Peter Thiel where global investment firm Knollwood also participated.

Baraka aims to provide investors in the region with commission-free investing as well as access to US stocks and Exchange Traded Funds (ETFs). Investors on baraka can achieve financial independence by building diversified portfolios and long-term wealth by taking advantage of global equity markets. With this new investment, baraka will expand its presence in the GCC and Egypt, as well as drive customer acquisition. The company will continue to improve its app by adding new features such as dividend reinvestment plans and extended trading hours.

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UAE-based investment app, baraka raised $20 million in Series A led by Valar Ventures

UAE-based investment app, baraka raised $20 million in Series A led by Valar Ventures, a venture capital firm backed by Peter Thiel where global investment firm Knollwood also participated.

Baraka aims to provide investors in the region with commission-free investing as well as access to US stocks and Exchange Traded Funds (ETFs). Investors on baraka can achieve financial independence by building diversified portfolios and long-term wealth by taking advantage of global equity markets. With this new investment, baraka will expand its presence in the GCC and Egypt, as well as drive customer acquisition. The company will continue to improve its app by adding new features such as dividend reinvestment plans and extended trading hours.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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