Latest news with #privatewealth
Finextra
4 days ago
- Business
- Finextra
Mena wealth platform Vault opens to the general public
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. 1 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.
Finextra
5 days ago
- Business
- Finextra
Mena wealth platform Vault goes live
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. 0 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.
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@
CNA
13-05-2025
- Business
- CNA
Step into the extraordinary: Unlock new worlds with HSBC Privé
Some experiences can't be bought – they're unlocked. Created in collaboration with like-minded partners that share a commitment to excellence, HSBC Privé is designed for private wealth clients who live life with ambition and intention. This invite-only credit card is made to support meaningful moments, shaped by distinctive settings and experiences. Recognised at some of the world's most celebrated venues, it's also the quiet nod that opens doors to private spaces or brings a bespoke menu to the table – wherever in the world they might be. For these global citizens, seamless access makes everyday moments feel special, whether they're catching up with friends in New York or closing a deal in Denmark. Now making its Singapore debut, following launches in Hong Kong and India, HSBC Privé introduces a new tier of privileges for those seeking elevated experiences. MATCH CONNECTIONS ON THE GREEN The savvy professional knows that the best deals aren't always made in boardrooms – they often begin with a genuine connection, sparked somewhere between tee-offs and shared advice on the fairway. That's why HSBC Privé includes courtesy fees at some of the island's finest golf courses. Kick off the day with an early tee time at Sentosa Golf Club, where sweeping coastal views set the stage for relaxed conversation. And if connections take root, there's always the option to continue them elsewhere – perhaps in the peaceful surrounds of Orchid Country Club or with another round at Tanah Merah Country Club. For those whose networks span continents, HSBC Privé ensures this spirit of connection travels well, with international access to renowned country clubs and greens, including New Springville Country Club in South Korea and Cape Kidnappers in New Zealand. STAY GLOBALLY CONNECTED With travel in their rhythm, HSBC's private banking clients are always on the move, whether for work, leisure or a mix of both. They thrive on borderless work and value the perspectives that come from connecting with an international network. From one flight to the next, HSBC Privé makes travel feel seamless with a suite of curated privileges. Fly with leading airlines like Singapore Airlines, British Airways and Qatar, with complimentary business class companion tickets – so your trusted advisor or travel partner is always by your side. Premium airport lounge access soothes any delay, while fast-tracked immigration and chauffeured limousine transfers help you make up for any lost time. At your destination, unwind at top luxury hotels with the perks of elevated loyalty status, or redeem free nights at properties such as Anantara, Mandarin Oriental and Capella. And for complete peace of mind, HSBC Privé provides comprehensive travel insurance – because even seasoned travellers deserve assurance at every step. BRUSH SHOULDERS WITH THE BEST Brights minds naturally seek one another out. They're drawn to spaces where conversation flows freely and ideas take shape. For generations, member clubs have brought together visionaries, pioneers and tastemakers around a shared appreciation for culture, innovation and thoughtful exchange. At the Mandala Club, members spend lively afternoons with fellow innovators, chasing new ideas, whisky in hand. Over at 1880 Singapore, the spirit of exchange comes alive through conversations with industry leaders – often continuing into the evening over cocktails or from the calm of the co-working lounge. With a complimentary subscription to private lifestyle club ONDA, HSBC Privé cardholders gain access to over 150 exclusive clubs, lounges and workspaces across Asia, Australia, Europe and the United States. Whether between a quick workout or a focused session at a hot desk, chance encounters have a way of turning into conversations – and conversations into something more. INDULGE IN BESPOKE MENUS As the city lights flicker to life after sunset, HSBC Privé individuals turn their attention to the VVIPs in their lives – a partner, a family member or a close friend. In the company of this cherished circle, few things compare to sharing an exceptional meal – especially one crafted just for them. Savour bespoke tasting menus by top chefs, including the Michelin-starred COTE at COMO, in the elegance of a private dining room. And when the evening calls for more, the celebration continues. Privé cardholders enjoy complimentary nights at COMO's luxurious properties, with the option to pair their stay with the brand's signature wellness experience – a rejuvenating retreat for both body and mind. With the 24/7 HSBC Privé concierge, every detail is handled by a global team of experts – from securing sought-after reservations to tailoring meaningful touches. This is luxury, elevated: Defined by ease, shaped by care and expressed through quiet details that speak volumes. Be invited into a world of exclusivity. Enquire about starting a private banking relationship with HSBC and discover the HSBC Privé experience by HSBC Global Private Banking.
