News

Sarwa’s New Cash Accounts Boost Growth By 250% In 3 Months

Despite some financial institutions suffering during the economic downturn, Sarwa’s reliability and trustworthiness seem to be paying dividends.

Published

4 years ago

April 5, 2023

Nour Nasir

Sarwa

Sarwa, the personal finance and investment platform, recently launched a new high-yield cash account known as Sarwa Save. Despite the gloomy worldwide economic outlook of late, the new service has been a roaring success, with monthly deposits growing by 250% in just three months.

Sarwa users are increasingly prioritizing short-term savings with generous interest levels, as historically high inflation and aggressive Federal Reserve policies have led to challenging investment conditions.

“We are thrilled to see the rapid adoption of Sarwa Save, which reflects the growing demand for secure high-yield, low-risk products. Sarwa’s customers recognize the value in the offering and trust it with their hard-earned money. This trust has played a pivotal role in the impressive growth. Sarwa Save is a testament to the company’s commitment to providing innovative financial solutions and empowering clients to navigate the evolving economic landscape confidently,” says Shane Shin, Co-founder and Managing Partner, Shorooq Ventures.

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

In the UAE, most savings accounts offer low to zero interest, while Sarwa Save delivers a rate of 3% — nearly four times the average amount. As well as tempting short-term yields, the new accounts have no monthly or low-balance fees. When combined with hassle-free account setup, Sarwa’s platform makes for an appealing choice compared to traditional banks, especially as the startup offers a special, Sharia-compliant option known as Sarwa Save Halal.

Disclaimer: Sarwa Save is a product offered through Sarwa Digital Wealth (Capital) Limited that is regulated by the FSRA in the ADGM. This offering is not regulated by the DFSA. Sarwa is not a bank. We can unlock high-yield accounts through our banking partners.

News

G42’s Inception42 Wants AI To Show Its Work Before Investors Commit

Launched at SuperReturn Middle East, Alpha is pitched at sovereign wealth funds and private equity firms underwriting bigger deals on tighter timelines.

Published

3 days ago

October 13, 2026

Nour Nasir

g42's inception 42 wants ai to show its work before investors commit

Inception42, G42’s agentic AI company, believes that institutional investors want AI they can check, not just AI that saves time. Its new tool, Alpha, launched at SuperReturn Middle East, is designed to draft investment memos in which every claim points back to its source.

Alpha is aimed at private equity firms, sovereign wealth funds and institutional allocators, which Inception42 says are underwriting larger, more complex positions under tighter timelines. Most AI tools, it argues, speed up individual tasks such as a memo draft or a comps table but leave the investment strategy scattered across files, inboxes and committee decks.

Teams upload Confidential Information Memoranda, diligence packs and portfolio data, which Alpha turns into insights grounded in that material. It checks how complete the diligence is, flagging gaps before they become late-stage surprises, then scores the deal against criteria the institution sets and drafts the memo.

Sourcing every claim is the core of Inception42’s Alpha pitch. Investment committees, the company says, have little time to challenge the evidence, and the audit trail is meant to give them more certainty. The company also promises institutions proof that their own strategy was applied consistently on every deal.

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“Every investment committee wants the same thing: the full picture of a deal and the confidence to act on it,” says Ashish Koshy, CEO of Inception42. “Alpha gives deal teams and committee members that picture, with every insight traceable to its source, so speed and rigor finally pull in the same direction”.

Alpha is available as SaaS, and investment data, Inception42 says, stays under the institution’s control at every step. Firms can tailor the tool with custom agents, and Alpha Skills will eventually add reusable, practitioner-designed workflows for tasks such as comparables analysis and credit assessment.

The company says Alpha is already proven in the region’s most significant financial institutions. If the tool works as described, committees get an investment memo they can interrogate rather than simply take on trust.