Wahed / Niyah 2020
Wahed acquired Niyah on December 18, 2020.
- Target
- Niyah
- Acquirer
- Wahed
- Announced
- December 18, 2020
- Sub-sector
- Wealthtech
Transaction overview
- Wahed announced the acquisition of Niyah on December 18, 2020.
- The deal is expected to close pending customary conditions.
Strategic rationale
Expand Islamic finance product offerings to include Shariah-compliant digital banking services and debit cards in UK and beyond.
Deal terms & multiples
Frequently asked questions
When did Wahed announce the acquisition of Niyah?
Wahed announced the acquisition of Niyah on December 18, 2020.
What sub-sector is Niyah in?
Niyah is tracked in the Wealthtech sub-sector.
Sources
- crowdfundinsider.com /2020/12/170409-wahed-inc-an-islamic-fintech-backed-by-saudi-aramco-to-acquire-uk-based-digital-banking-startup/