Wadaie

Active

Wadaie app, a Shariah-compliant time-deposit aggregation platform across Saudi banks

Riyadh, Saudi ArabiaFounded 2022

Fintech

Seed

Wadaie lets individuals and institutions place Shariah-compliant time and savings deposits with licensed Saudi banks through one app, without opening accounts at each bank. It operates under a Saudi Central Bank (SAMA) permit announced in June 2024. The minimum investment is SAR 1,000, and terms run from one day to 24 months.

Founders

Abdullah Alandas

Co-Founder & CEO

Rayan Altuwayjiri

Co-Founder

Abdulrahman Alhawas

Co-Founder

Funding Rounds

SeedSep 2025

Lead: VentureSouq

Investors: VentureSouq, Graphene Ventures, RZM Investments, Arab National Bank, Alinma Bank

Investors: VentureSouq, Graphene Ventures, RZM Investments, Arab National Bank, Alinma Bank.

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