Ewpartners invests $48M in Valuable Capital Group to help grow Saudi fintech
Investment firm Ewpartners, supported by the Public Investment Fund (PIF), announced on Wednesday that it is investing $48 million in Valuable Capital Group to help grow Saudi Arabia’s financial technology (fintech) sector.
Ewpartners’ Investment
Valuable Capital Group, Hong Kong’s second-largest online brokerage and a leading fintech company, announced that Ewpartners’ investment will help expand its business in the region and explore the possibility of going public in the future.
According to a statement from both companies, the investment will support business growth, introduce new fintech solutions, and strengthen Saudi Arabia’s role in global finance.
“This investment gives us a competitive advantage and helps us focus on improving our products, research, security, and fintech solutions,” said Jess Cheung, CEO of Valuable Capital Group.
The investment was announced at the PIF Private Sector Forum in Riyadh.
Interesting Fact
By 2030, the fintech sector is expected to contribute 4.4% to Saudi Arabia’s economy.
Sahm Capital
Ewpartners’ investment will also boost the growth of Sahm Capital, a subsidiary of Valuable Capital Group and a key player in Saudi Arabia’s financial industry.
Sahm Capital is the first fintech-based financial company to receive full approval from Saudi’s Capital Market Authority (CMA). It offers various financial services, including trading, advisory, investment management, and fund operations. The company gained over 1 million users in its first year.
“We strongly believe fintech can transform financial services and drive economic growth,” said Jessica Wong, founder and managing partner of Ewpartners.
Fintech Growth in MENA
The fintech industry in the Middle East and North Africa (MENA) is growing steadily, according to a PwC report. Fintech hubs are emerging across the region, attracting investments into innovative startups.
Published: 13th February 2025
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