Gulf Robo Adviser Sarwa adds $1.3m funding

It’s encouraging to see the marketplace warming to robo advisors in the Middle East. Sarwa – which launched last year – has raised $1.3m. I’m looking forward to watching their journey!

(Note: ‘Sarwa’ means ‘Brilliant’ in Javanese. I’m not sure if that was intentional or not, but either way: Good choice of name!)

Dubai: Robo advisory firm Sarwa, which is part of the DIFC fintech hive, said on Sunday it has secured $1.3 million in its pre-series A round of financing. This new round of investment brings Sarwa’s total funding to over $1.5 million since its inception in December of 2017, the company said in a statement.

Quoted from Gulf News: Sarwa secures $1.3 million in pre-series A round funding