Fintech startup Wahed announced it has secured $2 million in seed financing from Cue Ball Group and BECO Capital.
Wahed Invest LLC is an SEC registered investment advisory that seeks to provide a safe, reliable, and automated Shari’ah compliant investment vehicle to Islamic investors across the globe. Wahed employs Modern Portfolio Theory to diversify investor portfolios, minimize risk, and maximize returns, allowing clients with little financial knowledge to invest their savings with institutional-level diversification.
Wahed announced it has the ability for clients to rollover 401(k) and IRA assets onto its investing platform, and that it plans to enables U.K. user to similarly invest in halal-compliant entities.