Wahed Invest / Niya 2020
Wahed Invest acquired Niya on December 17, 2020.
- Target
- Niya
- Acquirer
- Wahed Invest
- Announced
- December 17, 2020
- Sub-sector
- Wealthtech
Transaction overview
- Wahed Invest announced the acquisition of Niya on December 17, 2020.
- The deal is expected to close pending customary conditions.
Strategic rationale
Expands Islamic fintech offering to include interest-free banking products and debit cards alongside existing investment platform.
Deal terms & multiples
Frequently asked questions
When did Wahed Invest announce the acquisition of Niya?
Wahed Invest announced the acquisition of Niya on December 17, 2020.
What sub-sector is Niya in?
Niya is tracked in the Wealthtech sub-sector.
Sources
- wamda.com /2020/12/wahed-invest-acquires-uk-digital-banking-app-niya