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Islamic fintech Wahed Invest to buy UK digital banking app Niyah
source link: https://fintechranking.com/2020/12/17/islamic-fintech-wahed-invest-to-buy-uk-digital-banking-app-niyah/
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Islamic fintech Wahed Invest to buy UK digital banking app Niyah
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, Reuters reports.
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.
Read more: Reuters
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