News

Crypto Trading Launches On The Sarwa App

Sarwa comes with a number of useful features to help its users trade more comfortably, including daily and weekly investing news, watchlists, as well as limit and stop orders.

Published

2 years ago

May 31, 2022

David Morelo

Sarwa

With the global economic outlook not showing any signs of recovery, there are increasingly many people who are looking to diversify their investment portfolios to protect their money from the painful bite of inflation.

Despite the risks associated with them, cryptocurrencies can provide a better return on investment than the stock market, but getting started with them can be a challenge.

Now, Sarwa, a personal finance and investment platform, is making crypto trading more accessible with the launch of Sarwa Crypto, a commission-free trading platform with support for Bitcoin, Ether, Litecoin, and Bitcoin Cash.

By launching Sarwa Crypto, Sarwa Digital Wealth (Capital) Limited, the company behind the platform, gives its users even more options to invest their money.

“Having access to investing in a simple, regulated, and low-cost environment should be a priority and available for all in the region,” said Mark Chahwan, co-founder and CEO of Sarwa. “There is a significant amount of interest around cryptocurrency in the GCC, even with the recent market development. Yet you didn’t have a platform that offered a centralized view of stocks, ETFs, and crypto in one safe, innovative and easy-to-use app. You do now.”

Also Read: Decentraland Just Hosted The UAE’s First Metaverse Wedding

In addition to making it easy to buy and sell cryptocurrencies, Sarwa comes with a number of useful features to help its users trade more comfortably, including daily and weekly investing news, watchlists, as well as limit and stop orders.

The platform has been designed from the ground up with security in mind, and it protects user data with 256-bit encryption. What’s also reassuring is that Sarwa is regulated by both the Dubai Financial Services Authority (DFSA) and the Financial Regulatory Services Authority (FSRA).

For its services, Sarwa charges its users a flat fee of 0.85%, 0.7%, or 0.5% per year, depending on how much they trade, and there are no hidden surprise fees or lock-in periods to worry about.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

2 days ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.