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  • 22-01-23

    UAE fintech InvestSky collects USD3.4M in pre-seed investing round

    (MENAFN) UAE-located InvestSky has collected USD3.4 million in a pre-seed investing phase ruled by Saudi venture capital company Emkan Capital with contribution from additional financers.

    Created two years ago (2021), InvestSky is a social investing platform tailored for the upcoming generation of investors in the Middle East with the target of making share exchange wide-ranging, intuitive as well as informed.

    In an exclusive meeting with Arab News, Nitish Mittal, chief executive and co-founder of InvestSky, stated that the firm aims non-professional financers to resolve their fund requirements with a community-driven method.

    “Particularly across Gulf Cooperation Council countries the space is ripe for disruption, and we want to help a new era of investors to put their money to work,” Mittal informed Arab News.

    The platform permits users to purchase fractional shares beginning from USD1 on a commission-free basis and supplied a social community for users to cooperate.

    Mittal clarified that “We offer a freemium subscription-based model, where the premium plan comes with advanced features that help users make informed decisions.”

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