UAE Fintech InvestSky Raises $4M in Seed Funding for Saudi Expansion

UAE-based fintech InvestSky has entered the Saudi Arabian market following a $4 million seed funding round and the receipt of a Financial Technology Experimental Permit from the Capital Market Authority. The expansion is anchored by a partnership with anb Capital, enabling the platform to operate within Saudi Arabia’s regulated capital markets framework.

The funding round was backed by Emkan Capital, Run Ventures, S3 Ventures by Joa Capital, Al-Romaizan Family Office and other regional investors, bringing InvestSky’s total funding to $7.4 million. Founded in 2021 by Nitish Mittal and Turki Alalshaikh, the platform positions itself as a social trading service aimed at retail investors, offering access to both Saudi and US stock markets alongside real-time community insights.

InvestSky said the Saudi expansion will focus on broadening market access for retail investors and scaling its local operations. The company described its collaboration with anb Capital as a first-of-its-kind model in the Kingdom, combining social trading features with institutional regulatory infrastructure.

“This is an exciting milestone for InvestSky as we receive the CMA Fintech Experimental Permit,” said Turki Alalshaikh, Co-Founder and Managing Director of InvestSky. “Our CMA licence and partnership with anb Capital give Saudi investors more seamless access to both local and global markets through a platform built for their needs.”

The company plans to use the new capital to deepen its presence in Saudi Arabia and continue its regional expansion strategy across the Middle East and North Africa.