Sabika Secures Six-Figure Boost to Expand AI-Driven Gold Investment in Gulf

Sabika, the digital investment platform specialising in gold and silver, has just secured a fresh six‑figure dollar investment led by the angel network Empire Angels. The funding, described as a strategic push rather than a quick cash grab, will help the startup develop smarter tools for investors, roll out features powered by artificial intelligence, and – perhaps most strikingly – branch out into the Gulf, starting with Saudi Arabia.

For a company barely out of its early days, Sabika has already managed to notch up more than 20,000 users across 27 Egyptian cities, with transactions topping 120 million pounds. That’s no small feat in a market often seen as conservative when it comes to financial technology. A friend once told me that convincing older generations in Cairo to try out digital investment apps was “a bit of a faff”. Yet here we are – with a platform showing that trust can indeed be won, if the product feels both simple and safe.

The startup was founded on the idea that people’s longstanding trust in gold could be paired with the convenience of digital savings. By sticking to sharia‑compliant principles and backing every digital gram with real assets, Sabika has carved out a space where modern tech and traditional values shake hands. As Ebrahem Anwar, the company’s chief executive, put it, “People always trust gold, but they needed an investment system they could trust just as much.” Spot on, really — and it underlines why this initiative resonates with so many.

What caught my eye was their plan to weave artificial intelligence into the app, promising personalised tips and smarter saving strategies. On the flip side, I reckon this could be tricky… after all, AI in finance can feel like a black box for everyday savers. But if Sabika gets it right, it could be genuinely empowering for smaller investors who want a foothold in precious metals without the usual headaches.

Expansion into Saudi Arabia is the next step, and that makes sense. The Kingdom has a fast‑growing appetite for Islamic‑compliant investment products, not to mention a youthful demographic that’s increasingly comfortable managing wealth online. Believe it or not, I’ve seen a few Saudi‑based founders at events hosted by Arageek getting rather chuffed to bits about precisely this kind of convergence — heritage assets like gold meeting 21st‑century digital rails.

All in all, Sabika’s raise signals more than just fresh capital; it’s a bet on the growing appetite for safe, tech‑enabled, and culturally aligned investment tools in the region. And if they can deliver on both trust and innovation, their journey might just be getting started… though, as anyone in this game knows, scaling is definately a whole new battle.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!

✉️ Send Us Your Story 👇

https://en.arageek.com/send-us-your-story-or-a-news-tip