You are here

Sabika Secures Strategic Investment to Fuel Gold & Silver Platform Expansion in Egypt and the Gulf

1 day 8 hours ago

Sabika, a digital platform for investing in gold and silver, has successfully secured a six-figure USD strategic investment led by M-Empire Angels.

This funding is set to accelerate the platform’s expansion in Egypt and the Gulf region, including a planned launch in the Saudi market in 2025. Founded in 2022 by Ibrahim Anwar (CEO) and Mohammed Darwish (CTO), Sabika offers secure, transparent, and asset-backed digital investment options.

The platform has already seen significant organic traction in Egypt, achieving over 20,000 users across 27 cities and reaching a transaction volume exceeding EGP 120 million without relying on paid marketing.

The new capital will be used to enhance platform features and integrate AI-driven tools, with the goal of being a trustworthy, simple, smart system for accessing precious metals, and supporting the team's commitment to building a scalable, secure infrastructure.

Submit Your News Now Send Your Feedback