See other companies on Welcome to the Jungle
Wahed
Ethical & Halal investment platform
- 101-200 employees
- Fintech
- B2C
- Investing
- Social Impact
- Midtown East, New York, NY
Jump to section
Company mission
To make people’s lives better by reducing financial inequality and exclusion across the globe.
Some candidates hear
back within 2 weeks
7% employee growth in 12 months
Our take
Many fintechs provide investment opportunities for users, giving them control to invest in stocks, cryptocurrencies, and options that can inherently be high-risk. Many of these apps are thus not designed to encourage smart investing, and those who earn profits from their investments often receive money from non-Halal sources.
Wahed provides an ethical and Halal investment platform, allowing users to invest smartly across diversified portfolios without lock-in periods, hidden fees, or one-size-fits-all investment strategies. The platform includes a variety of robo-investment tools to personalise smart investment strategies to the user's financial goals, ensuring that all returns come from Halal financial sources.
Whilst it is inevitable that Wahed will face great competition from many investment platforms, the company has found a gap in the market by focussing on a Muslim audience, recognising that many do not invest due to earnings being non-halal. The company is well-funded and has been steadily expanding, launching new features along the way such as its dedicated Waqf (Islamic endowment) feature to help tackle the cost of living crisis.
Kirsty
Company Specialist at Welcome to the Jungle
Funding (last 2 of 5 rounds)
Jun 2022
$50m
SERIES B
Nov 2020
$25m
SERIES A
Total funding: $114.6m
Leadership
Junaid Wahedna
(CEO)Founded Wahed as CEO in 2015.