InvestSky, MENA’s pioneering social trading platform, has officially entered the Saudi market after securing the Financial Technology Experimental Permit from the Capital Market Authority (CMA). The expansion aligns with the company’s regional growth strategy and is anchored by a landmark partnership with anb Capital, one of Saudi Arabia’s prominent investment firms. This move marks a significant step in bringing accessible, social-first investing solutions to retail investors in the Kingdom.
Backed by Regional Investors
The Saudi expansion follows a $4 million seed funding round, supported by Emkan Capital, Run Ventures, S3 Ventures (by Joa Capital), Al-Romaizan Family Office, and other leading regional investors. Combined with previous investments, InvestSky has now raised a total of $7.4 million, reinforcing its position as a key player in the MENA fintech ecosystem. The new capital will be directed toward expanding market access and enhancing the investment experience for underserved retail investors across the region.
Social Trading Tailored for Saudi Investors
With the CMA license in hand, InvestSky can now offer its social trading platform tailored specifically for the Saudi market. Through the partnership with anb Capital, the platform merges a community-driven investing approach with a strong regulatory framework. Investors in the Kingdom will gain seamless access to both U.S. and local equities, benefiting from a cost-efficient and regulated trading environment that bridges global and domestic markets.
Leadership Perspectives
“This is an exciting milestone for InvestSky as we receive the CMA Fintech Experimental Permit,” said Turki Alalshaikh, Co-Founder and Managing Director. He emphasized the challenges faced in achieving regulatory approval and highlighted the significance of collaborating with anb Capital. Alalshaikh described the partnership as a pioneering model in Saudi Arabia and expressed hope that it will serve as a blueprint for future fintech collaborations in the region.
Nitish Mittal, Founder and CEO of InvestSky, added that retail investors in Saudi Arabia have historically faced high barriers to global market access and limited platforms tailored to their needs. “Our CMA license and partnership with anb Capital change that equation,” Mittal said, underscoring the platform’s goal of providing Saudi investors with intuitive and accessible tools for both global and local investing. He noted that Saudi Arabia represents a critical step in InvestSky’s mission to democratize investing across the MENA region.
Regulatory Assurance and Market Innovation
From anb Capital’s perspective, the collaboration reflects a commitment to responsible fintech innovation within a regulated framework. “By combining InvestSky’s technology with anb Capital’s regulatory infrastructure and market experience, we are supporting broader investor participation while maintaining the standards expected of the Saudi capital market,” stated Khalid Alghamdi, CEO of anb Capital. The partnership exemplifies how fintech platforms and traditional investment institutions can work together to expand market access while upholding regulatory rigor.
About InvestSky
Founded to make investing accessible, affordable, and social, InvestSky provides retail investors with real-time community insights and tools designed to simplify the investment process. The platform offers seamless access to both Saudi and U.S. stock markets, combining social trading features with regulatory compliance. InvestSky is licensed by the CMA in Saudi Arabia to provide social trading services and remains regulated by the Dubai Financial Services Authority (DFSA) in the UAE, cementing its reputation as a secure and innovative regional fintech solution.
InvestSky’s entry into Saudi Arabia marks a pivotal moment in MENA’s fintech landscape, bridging global and local markets for retail investors. With strong investor backing, a strategic partnership with anb Capital, and CMA regulatory approval, the platform is positioned to redefine how Saudis engage with financial markets. As social trading gains traction in the region, InvestSky aims to lead the charge in democratizing investment opportunities across MENA.