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February 20 2023

Junaid Wahedna, Founder & CEO of Wahed on Opportunities in the Fintech Space

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Junaid discusses how Wahed has been a contrarian to the “fintech norms”. Where other fintechs may release lending, or day trading products. Instead, Wahed has focused on a long-term savings product that has allowed them to outperform their competitors in the climate of an economic recession. These strategies have allowed Wahed to grow its revenues by 75% in the last year.

Junaid also talks about how Wahed started as a savings solution where a faith-based investor can contribute to a diversified portfolio where each payment is screened to avoid interest-based systems. “It seems very simple, but it hasn’t really been done for this specific use case,” said Junaid Wahedna, Founder & CEO of Wahed. “As a banking user, in a high-street bank, your money is kept in fiat currency. Whereas with us it’s always kept in a real asset so you don’t have the same inflationary pressures.”

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  1. Chancellor Unveils Plans to “Supercharge” Growth of Innovative Financial Services Firms

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  2. FF Tattoo Studio: Vyntra on Keeping Instant Payments Real-Time and Safe

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  3. Bank of America on the Real Value of RTP

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  4. dLocal Partners With Alchemy Pay to Streamline Crypto-to-Fiat Payments in Latin America

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  5. AI in Banking: From Pilots to Production-Pragmatic

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