Name: Dawul
Brand: Dawul
SKU: 6411b518f1478e26e7cdd547
Rating: 3.6 (418 reviews)

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Dawul

By Dawul

Alternatives

Categories Associated

Financial Management Software

Financial Fraud Detection Software

Overview of Dawul Software Company

Dawul is a Saudi Arabian fintech company that operates a social trading platform. It was established in 2020 and is headquartered in Riyadh, Saudi Arabia. The company's primary focus is on providing a platform that allows novice investors to follow and learn from experienced traders in the Saudi financial market.

Founding and Growth

Founded in 2020 by Mansour Al-Harbi
Obtained a permit from the Saudi Capital Market Authority in late 2020 to conduct financial technology experiments
Officially launched in July 2021
Has grown to employ approximately 16 staff members across four programs

Funding and Valuation

Raised $5 million in a seed funding round in January 2022
The round was led by RAED Ventures with participation from Impact46, Seedra Ventures, Derayah Venture, and Sukna Ventures
This funding round was considered one of the largest seed rounds for a fintech company in Saudi Arabia at the time
Exact valuation is not publicly disclosed, but estimates range from $18-27 million as of January 2022

Product Offerings and Features

Social Trading Platform:
Allows users to view investment portfolios of expert traders
Provides real-time updates on expert traders' transactions
Enables users to follow and potentially replicate trading strategies of successful investors
Investment Funds Product:
Offers data and analysis on investment funds in the Saudi market
Provides periodic alerts and notifications to assist beginners in making investment decisions
Risk and Profit Analysis:
Displays risk indices and profit ratios for a two-year period
Shows transaction history of expert portfolios for two years
Real-time Alerts:
Instant notifications for expert buy and sell actions
Alerts for cash distributions, withdrawals, and deposits
Educational Tools:
Plans to launch an educational "Japanese candlestick game" to teach beginners about market volatility and risk analysis

Company Culture and Values

Focuses on transparency in the financial sector
Aims to build a global product using Saudi resources
Emphasizes educating and supporting beginner investors
Committed to improving the investor experience in the Saudi market
Aligns with Saudi Arabia's financial market regulations and operates under the authorization of the Saudi Capital Market Authority

User Base and Community

Primarily targets novice investors in the Saudi Arabian market
Aims to bridge the gap between experienced traders and beginners
Provides a platform for knowledge sharing and learning within the investment community
The exact size of the user base is not disclosed in the available information
The app has received positive reviews on the Apple App Store, with users praising its usefulness for Saudi market investors, especially beginners