Latest news with #VaultWealth
Zawya
6 days ago
- Business
- Zawya
Vault announces public launch with latest investment from Peak XV Partners
As Peak XV Partners' first wealthtech investment in the region, this backing represents a significant milestone for wealth management innovation in MENA. 300%+ AUM growth and 250%+ YoY client growth signal rising demand for transparent, tech-enabled wealth platforms in a USD 3.5T+ market. Abu Dhabi, UAE – Vault Wealth Limited ('Vault'), MENA's first digital private wealth platform built for the modern affluent, today announced its public launch, alongside an investment round led by Peak XV Partners (formerly Sequoia Capital India & SEA), with continued support from Outliers VC. This marks Peak XV Partners' first wealthtech investment in the MENA region and a milestone in Vault's journey to deliver fiduciary-grade, technology driven private wealth solutions to the region's modern affluent. Since securing its ADGM Financial Services Regulatory Authority license in mid-2023, Vault has focused on building and refining its offering in close collaboration with a select group of HNWIs, ensuring it is purpose-built to meet their sophisticated needs. Having quietly validated product-market fit and laid a strong foundation, Vault is now expanding access to a broader segment of affluent investors across the region, specifically those with over USD 100,000 in liquid assets. The platform has already demonstrated strong momentum, with assets under management (AUM) growing by over 300% in the past 12 months and clients typically tripling their deposits within 90 days of first funding. 'Vault was built with a simple premise: that affluent investors in MENA deserve better—better access, better alignment, and better outcomes,' said Bilal Abou-Diab, Co-Founder and CEO of Vault. 'Vault is what wealth management should look like today: digital-first, fiduciary by design, and built for how people live and invest now. With Peak XV Partners' support, we're entering a new phase of growth, delivering institutional-quality wealth management to a broader base of clients across the region.' 'Vault is bringing a tech-driven, client-centric approach to wealth management for HNWIs in MENA. They're building a platform that resonates with a new generation of affluent investors in a market that's ripe for disruption. We're excited to partner with them on this journey,' said GV Ravishankar, Managing Director, Peak XV. Established Expertise for Modern Wealth Vault combines expert advisory capabilities with advanced technology to deliver a comprehensive wealth management experience. The platform caters to a diverse international client base, including professionals and entrepreneurs from the UAE, GCC, Europe, Asia, and North America. Vault provides expert financial planning and goal-based portfolio management, alongside institutional-grade global market access through Interactive Brokers. Clients benefit from optimized liquidity solutions and gain access to exclusive private market opportunities spanning private equity, venture capital, private credit, and real estate—all through a unified platform. "Vault provides the sophisticated capabilities that affluent investors deserve, without the legacy constraints of traditional wealth managers," said Sami Abdul Hadi, Co-Founder and COO, Vault. "With over 250% year-on-year client growth driven primarily by referrals, our platform clearly empowers clients with both expertise and transparency in a market where both have been in short supply." "Vault stood out from our first conversation with Bilal and Sami. The team had clarity of vision and deeply understood the scale of the market gap. As demand for modern wealth management solutions accelerates, our conviction has only grown. Wealth management in MENA is overdue for reinvention, and Vault is building the infrastructure to lead it," said Sarah AlSaleh, General Partner, Outliers VC. Unlocking Dormant Capital in a USD 3.5 Trillion+ Market The UAE has established itself as a significant wealth hub, with approximately 29% of the population holding over USD 100 million in financial assets. Despite this, at least 41% of investible wealth is held in cash positions—far exceeding levels in mature markets. Across the broader MENA region, the opportunity is even greater. GCC household wealth is projected to surpass USD 3.5 trillion by 2027, yet much remains underutilized due to legacy systems and fragmented offerings. Vault addresses this gap by offering a regulated, transparent alternative that meets the expectations of sophisticated global investors who have chosen MENA as their home. Regulated by ADGM's Financial Services Regulatory Authority (FSRA) and recognized as one of the UAE's top innovators by Future 100, Vault is now welcoming new clients. To learn more, visit About Vault Vault is MENA's first digital private wealth platform, purpose-built for the region's modern affluent. Backed by Peak XV Partners (formerly Sequoia Capital India & SEA), Outliers VC, and Hub71, Vault is pioneering a new category at the intersection of private banking and wealthtech. The platform combines fiduciary-grade advisory, curated investment access, and a premium client experience to redefine how high-net-worth individuals across MENA grow, preserve, and control their wealth. Founded by private banking and fintech veterans, Vault offers a unified, advisory-led experience across global public markets, high-yield liquidity solutions, and private market opportunities—including private equity, venture capital, private credit, and real estate. The platform operates under a regulated, client-first model, with institutional-grade infrastructure and transparent, performance-aligned fees. Regulated by ADGM's Financial Services Regulatory Authority (FSRA), Vault is homegrown, future-forward, and purpose-built to serve the evolving ambitions of MENA's affluent. No hidden fees. No legacy bias. Just smart, transparent wealth management for a new era. Learn More: | Media Contact: press@ About Peak XV Peak XV Partners (formerly Sequoia Capital India & SEA) is a leading venture capital firm investing across India, Southeast Asia and beyond. Over the last 19 years of operations in the region, Peak XV has grown to manage approximately USD 9 billion in capital across 13 funds and invested in over 400 companies. The portfolio has seen 31 IPOs and multiple successful M&As since the firm's inception. About Outliers VC Outliers is an early-stage investment firm backing outlier founders in MENA. We are an operator-led firm, partnering with the entrepreneurs shaping the region's tech and business landscape. We work with founders who build differently, uncovering category-defining opportunities that create outsized outcomes. Media contact: media@
Fintech News ME
7 days ago
- Business
- Fintech News ME
Vault Wealth Launches Digital Private Wealth Platform in MENA
Vault Wealth, a digital private wealth platform focused on serving affluent individuals based in UAE, has officially launched to the public. The announcement coincides with a new investment round led by Peak XV Partners, formerly Sequoia Capital India and Southeast Asia, with continued backing from Outliers VC. Following the receipt of its license from the ADGM Financial Services Regulatory Authority in mid-2023, Vault has worked closely with a group of high-net-worth individuals (HNWIs) to refine its offering. With this groundwork in place and product-market fit established, the platform is now opening up to a wider base of affluent investors, specifically those with more than US$100,000 in liquid assets. According to the company, assets under management have grown by over 300% in the past year, with new clients typically tripling their deposits within 90 days of joining. 'Vault was built with a simple premise: that affluent investors in MENA deserve better, better access, better alignment, and better outcomes,' said Bilal Abou-Diab, Co-Founder and CEO of Vault. 'Vault is what wealth management should look like today: digital-first, fiduciary by design, and built for how people live and invest now. With Peak XV Partners' support, we're entering a new phase of growth, delivering institutional-quality wealth management to a broader base of clients across the region.' Vault aims to provide a full-service wealth management experience by combining advisory expertise with technology. Its clients include professionals and entrepreneurs from the UAE, the Gulf Cooperation Council, Europe, Asia, and North America. Services include financial planning, goal-based portfolio management, and access to global markets via Interactive Brokers. Clients can also explore private market investment opportunities, including private equity, venture capital, private credit, and real estate, through a single platform.
