InvestSky, a UAE-based fintech platform, has officially expanded into Saudi Arabia after raising $4 million in a seed funding round and securing a Financial Technology Experimental Permit from the Capital Market Authority. The move strengthens the company’s regional footprint and enables it to operate within the Kingdom’s regulated capital markets framework.
The expansion is anchored by a strategic partnership with anb Capital, which allows InvestSky to deliver its services under established regulatory infrastructure. The collaboration combines social trading features with institutional-grade compliance, offering Saudi retail investors a regulated and technology-driven investment experience.
The $4 million seed 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 company positions itself as a social trading platform designed to make investing more accessible and interactive for retail users.
InvestSky provides access to both Saudi and U.S. stock markets, integrating real-time community insights and shared trading strategies within its platform. The company aims to empower individual investors by blending market access with social engagement tools that support informed decision-making.
Commenting on the milestone, Turki Alalshaikh, Co-Founder and Managing Director of InvestSky, described the CMA Fintech Experimental Permit as a significant step forward. He emphasized that the regulatory approval and partnership with anb Capital enable Saudi investors to access local and global markets seamlessly through a platform tailored to their needs.
The company plans to use the newly secured capital to scale its operations in Saudi Arabia and accelerate its broader expansion strategy across the Middle East and North Africa. The move reflects growing momentum in the region’s fintech sector, particularly in enhancing retail participation within regulated investment markets.