Islamic fintech Wahed Invest to buy UK digital banking app Niya
Friday, 12 18 2020, Category: Technology, Country: United Kingdom
Wahed Inc, a U.S.-based Islamic-finance fintech startup backed by Saudi Aramco, will acquire Niyah Ltd, a British company that runs a digital banking app designed for the Muslim community, the companies said on Thursday.
Wahed hopes the acquisition will enable it to broaden its offering and eventually become a one-stop-shop for Islamic law-compliant digital financial products and services, it said.
The financial terms of the deal were not disclosed.