Windsor Drake
Transaction · Wealthtech · 2020

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.

Strategic rationale

Expands Islamic fintech offering to include interest-free banking products and debit cards alongside existing investment platform.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
December 17, 2020
Acquirer
Wahed Invest (Strategic)
Sub-sector
Wealthtech

Sources

  • wamda.com /2020/12/wahed-invest-acquires-uk-digital-banking-app-niya

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