RIYADH – Saudi wealth tech company Benre has secured $9.6 million (R36 million) in a pre-Series A round through a hybrid equity and debt structure, according to a press release.
The transaction was co-led by Vision Ventures and anb Seed Fund, with participation from Sanabil 500, Ace & Co, Plus VC, and strategic private investors.
The new investment will be used to expand the customer base, introduce new platform features and deepen Venre’s presence in Saudi Arabia and the growing fintech sector.
Vennre offers a transparent, Shariah-compliant solution that was previously only available to educational institutions and ultra-high-net-worth participants.
Founded in 2021 by Ziad Mabsout, Anas Halabi, and Abdulrahman Al Malik, the startup has over $40 million in transaction volume across its platforms.
Ziad Mabsout, CEO and co-founder of Vennre, commented: “We are building for long-term wealth creation, not one-off deals. We start with carefully selected and vetted private investment opportunities and expand into complete wealth journeys built on discipline, trust and alignment. This round allows us to raise the bar on what private wealth platforms in the region have to offer.”
Khalid S. Alghamdi, CEO of anb Capital, added: “Private markets already manage more than $14 trillion in assets worldwide, but retail investors account for less than 5% of that exposure. Venre directly addresses this imbalance by providing Shariah-compliant access to a segment that has long been excluded from these opportunities.”
Kais Al-Essa, founding partner and CEO of Vision Ventures, said, “Vennre enables access to high-quality investment opportunities in real estate, private equity, venture capital, and private credit. These four asset classes were previously available to a select few.”
He elaborated, “Democratizing such access is one of our investment goals at Vision Ventures, as it will enable generational wealth creation, in line with Saudi Arabia’s financial sector development plan and fintech momentum, ensuring everyone has access to vetted, income-generating, high-return investments.”
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