Sarwa, a prominent investment and personal finance platform within the GCC, has achieved a significant milestone by surpassing USD 1 billion in client assets. This accomplishment makes it the first FinTech company founded in the UAE to reach this level.
Established in 2017 after being selected for the inaugural FinTech accelerator programme at Dubai International Financial Centre (DIFC), Sarwa also became the first platform to successfully graduate from the DFSA regulatory sandbox, enjoying backing from the DIFC FinTech Fund.
Sarwa has been instrumental in the transformation of the FinTech landscape in the region. During this period, DIFC has grown into a leading global financial hub, aiding startups in their growth journey.
This achievement highlights the vitality of the UAE’s financial ecosystem and the increasing engagement of retail investors. It indicates a shift where more individuals in the region are actively participating in investment to secure their financial futures.
Mark Chahwan, Group CEO and Co-founder of Sarwa, reflected on skepticism surrounding retail investing's viability in the MENA region. He believes that crossing the USD 1 billion mark demonstrates that the interest was always present, but trust and accessible investment solutions were previously lacking.
Co-founder and CTO Jad Sayegh emphasized that this landmark achievement is a testament to their clients. He noted that the swift growth indicates a strong readiness among people to embrace investment platforms once they start exploring their options.
Mohammad Alblooshi, CEO of DIFC Innovation Hub, remarked on DIFC’s role in supporting FinTech ventures like Sarwa through optimal regulatory frameworks and financial backing. He stated that Sarwa's success underscores DIFC’s stature as a leading global hub for FinTech.
The FinTech sector in the GCC is on an upward trajectory and is projected to grow at a compound annual growth rate of 15% until 2030. With rising digital adoption and evolving investor trends, Sarwa is well-equipped to sustain its growth momentum.
Sarwa's evolution from a nascent startup to managing over $1 billion in assets illustrates the potential of robust financial ecosystems in fostering company growth and market leadership in the region.
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