UAE and Saudi investors acquired $3 million stake in financial website compareit4me
Saudi venture capital firm STC Ventures and a consortium of UAE investors acquired stake in financial website compareit4me for $3 million.
Currently in seven countries, the websites help users find and compare financial products including personal loans, credit cards and bank accounts. The company is saying it is generates more than 45,000 finance applications per month. Other investors include Dubai-based Wamda Capital and Dubai Silicon Oasis Authority. (The company had raised an initial round of angel funding back in March 2014 from Dubai angel investor Jonathan Hall from Mulverhill Associates).
STC Ventures is listed in the Middle East Investors Directory with the code SIN1303.
More details follows:
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