Sabika Secures Six-Figure USD Investment for Sharia-Compliant Gold & Silver Platform
Egyptian fintech startup Sabika, a Sharia-compliant digital platform for gold and silver investment, has secured a significant six-figure US dollar investment. Launched in 2022 by Ibrahim Anwar and Mohammed Darwish, Sabika has swiftly grown to serve over 20,000 users across 27 Egyptian cities, processing more than EGP120 million in transactions.
Sabika offers secure, transparent, and asset-backed investment options for both individuals and businesses. The platform has seen remarkable growth, reaching a user base that spans 27 cities in Egypt. With over EGP120 million in transaction volume, Sabika has established itself as a key player in the digital investment landscape.
The new funding will fuel Sabika's expansion plans. The startup aims to enhance its platform with AI-driven features and plans to enter the Saudi city by 2025. This strategic investment, led by M-Empire Angels, will also support Sabika's expansion in Egypt and the Gulf region.
Sabika's success is a testament to the growing demand for Sharia-compliant investment platforms. With its secure and transparent approach, the startup has attracted a substantial user base and significant investment. As it continues to grow and expand, Sabika is poised to reshape the digital investment landscape in the Middle East.
