baraka is an investment platform that allows GCC investors to access over 6,000 U.S. stocks and ETFs through a user-friendly app, utilizing automated tools for portfolio management and investment tracking. The platform addresses the challenge of making informed long-term investment decisions by providing comprehensive resources and insights tailored to individual financial goals.
Funding
$25.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Many individuals in the GCC region lack convenient access to U.S. stock and ETF markets, hindering their ability to diversify investments and build long-term wealth. Traditional investment platforms often lack user-friendly interfaces and educational resources tailored to the needs of younger, digitally-native investors in the Middle East.
Solution
baraka provides a commission-free mobile investment platform that enables GCC investors to easily access over 6,000 U.S. stocks and ETFs. The platform offers a user-friendly interface available in both English and Arabic, with local currency support, making it accessible to a broad audience. baraka also provides educational resources, including daily market newsletters and an investment academy, to empower users to make informed investment decisions. The platform offers both a free tier for basic investing and a premium subscription for advanced stock analysis and research, creating a comprehensive solution for both novice and experienced investors.
Target Audience
baraka primarily targets millennials and Gen Z investors in the GCC region who are seeking accessible, user-friendly, and Sharia-compliant investment opportunities in U.S. stock and ETF markets.
Features
- Access to over 6,000 U.S. stocks and ETFs with fractional share investing
- Commission-free trading on U.S. markets
- Mobile-first platform with a user-friendly interface
- Available in both English and Arabic languages
- Portfolio tracking in local currencies
- Daily market newsletters (akhbaraka) with local and international financial news
- Investment academy with educational modules and quizzes
- Premium subscription tier with advanced stock analysis and research from Refinitiv
- Sharia-compliant investment options, including Shariah filter and dividend purifier
- Integration with DriveWealth, a SEC registered broker dealer and member of FINRA and SIPC