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Valar Ventures leads $20M round in online brokerage platform baraka
Stock-trading apps have multiplied over the past couple of years, targeting varying demographics and audiences that they feel need to partake in investment activities to live healthier financial lives.
In the latest development, baraka, a two-year-old commission-free investment platform based in the Middle East, is announcing that it has closed a $20 million Series A round led by Peter Thiel’s Valar Ventures with participation from global investment firm Knollwood to expand across the region and reach more users.
In the latest development, baraka, a two-year-old commission-free investment platform based in the Middle East, is announcing that it has closed a $20 million Series A round led by Peter Thiel’s Valar Ventures with participation from global investment firm Knollwood to expand across the region and reach more users.
16 November 2022
baraka Unveils Waitlist and Stock Giveaway Ahead of Full Platform Launch
The secure and user-friendly platform is aiming to officially launch in the second quarter of 2021, subject to regulatory approval. Users can expect to enjoy full access to over 4,000 US-listed securities; including stocks, Exchange Traded Funds (ETFs) and fractional shares. There’ll also be an accompanying mobile trading app, as well as the option to access an additional paid tier which will offer a rigorous stock analysis, with no minimum investment requirements.
10 March 2021
Baraka Unveils Commission-Free US Investment Platform For the Region
Mobile app will provide access to more than 4,000 US listed securities, including stocks, Exchange Traded Funds (ETFs) and fractional shares
Funding round led by Class 5 Global, with participation from FJ Labs, IMO Ventures, The Community Fund, VentureSouq and private investment from Dr. Abdulla Elyas, Co-founder of Careem.
Funding round led by Class 5 Global, with participation from FJ Labs, IMO Ventures, The Community Fund, VentureSouq and private investment from Dr. Abdulla Elyas, Co-founder of Careem.
10 March 2021
Dubai investment app offers new users free stock, CEO talks Gamestop, Robinhood
A new United Arab Emirates-based investment platform is enticing users with free stock today after securing $1 million in pre-seed funding.
Dubai’s Baraka is inviting new users to join its waitlist ahead of the platform’s full launch in the second quarter of 2021, pending regulatory approval.
The app will provide access to more than 4,000 US-listed securities, with no commission fees on trades and no minimum investment requirements.
Dubai’s Baraka is inviting new users to join its waitlist ahead of the platform’s full launch in the second quarter of 2021, pending regulatory approval.
The app will provide access to more than 4,000 US-listed securities, with no commission fees on trades and no minimum investment requirements.
09 March 2021
Is Dubai-based Baraka the Middle East's answer to Robinhood?
Dubai (CNN)The world of investment is evolving fast, with amateur trading becoming increasingly mainstream.
The power of the amateur became apparent in January, when millions of Reddit users and finance outsiders began a coordinated investment in US video game store GameStop pushing up the share price by 1,700% and angering professional hedge fund managers who were betting against the stock.
The power of the amateur became apparent in January, when millions of Reddit users and finance outsiders began a coordinated investment in US video game store GameStop pushing up the share price by 1,700% and angering professional hedge fund managers who were betting against the stock.
18 May 2021
How UAE’s baraka is bringing investing closer to the region’s millennials
Despite the rising interest in investing among millennials globally, the Middle East’s youth population doesn’t have trading platforms that cater to them or present financial news in a relatable manner, said the founder and CEO of fintech startup baraka.
Feras Jalbout identified this gap in the market and last July came up with ‘akhbaraka’ by baraka.
Feras Jalbout identified this gap in the market and last July came up with ‘akhbaraka’ by baraka.
10 March 2021
baraka launches trading app after raising $1 million
UAE-based fintech baraka is launching its commission-free mobile trading platform following a $1 million pre-Seed funding round led by Class 5 Global, with participation from FJ Labs, IMO Ventures, The Community Fund, VentureSouq and private investment from Abdulla Elyas, co-founder of Careem.
The app, which will be available to download in the second quarter of 2021, subject to regulatory approval, will provide access to more than 4000 US listed securities, including stocks, Exchange Traded Funds (ETFs) and fractional shares. Users will gain free access to the mobile trading app, as well as the option of a paid tier offering stock analysis, with no minimum investment requirements.
The app, which will be available to download in the second quarter of 2021, subject to regulatory approval, will provide access to more than 4000 US listed securities, including stocks, Exchange Traded Funds (ETFs) and fractional shares. Users will gain free access to the mobile trading app, as well as the option of a paid tier offering stock analysis, with no minimum investment requirements.
09 March 2021
Public vs. Robinhood: Competitors Target Hottest Retail Trading App
There are always startups waiting in the wings to be the next “insert company name here.” In the case of Robinhood, the stock-trading app valued at $20 billion, there is a growing list of retail-trading competitors who are raising significant venture funding and gaining traction.
18 February 2021
Generation Start-up: baraka plans to tap into the GCC's retail investor revolution with a focus on community
When the world entered Covid-19 lockdowns a year ago, few would have guessed that a retail investor revolution was about to take place.
As global stock markets crashed in March 2020, governments injected trillions of dollars in fiscal and monetary stimulus to prop up economies, which led to a market recovery when retail investors presented with government cheques piled into buying stocks.
As global stock markets crashed in March 2020, governments injected trillions of dollars in fiscal and monetary stimulus to prop up economies, which led to a market recovery when retail investors presented with government cheques piled into buying stocks.
20 March 2021
baraka raises $1M Pre-Seed funding and plans to launch trading platform
Feras Jalbout, Founder and Chief Executive Officer of baraka said, “The retail investor revolution is no longer on the horizon – it’s already begun. Young investors in the Middle East are becoming more conscious about the companies and causes they want to support. Whether it’s backing organisations that prioritise diversity and inclusion, seeking sustainable investment options, or just helping their favourite brands to grow, millennials want a say in where their money is going. So, we created a platform that would allow them to do that, while addressing their two biggest challenges – limited access to US-listed stocks, and a lack of understanding around how they work.”
09 March 2021
UAE-based US stocks trading app baraka expects second quarter launch
Dubai: A UAE-based platform to buy and trade in listed US stocks is testing investor mood ahead of a possible launch in the second quarter.
The fintech, baraka, introduced its waitlist and free stock giveaway features today (March 9). It is now awaiting regulatory approval ahead of the full launch.
The fintech, baraka, introduced its waitlist and free stock giveaway features today (March 9). It is now awaiting regulatory approval ahead of the full launch.
09 March 2021
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