Gulf Wealth Management (GWM) has asked Crowd Valley to assist in the development of a customer facing investment platform plus back office features for its digital wealth site targeting investors in the Arabian Gulf region. GWM has launched a crowdfunding campaign on Seedrs to raise a minimum amount of £600,000 in convertible securities. Prior to this, Bahrain-based Gulf Ventures Corporation (GVC) acquired an 8.3% stake in GWM as part of the Company’s private round of fundraising. GWM expects to do a Series A funding round shortly and then a public listing on the Qatar Ventures Market.
GWM is described as the first digital wealth management e-commerce platform focused on the investment needs of GCC (political and economic alliance of six Middle Eastern countries: Saudi Arabia, Kuwait, UAE, Qatar, Bahrain and Oman) investors. GWM’s objective is to link, through an online platform, the high net worth, affluent and mass affluent individuals in the GCC region with first class international institutional asset managers. Inspired by Wealthfront in the US and Nutmeg in the UK, GWM is planning to introduce an international e-commerce business model in the Gulf region.
“Crowd Valley is a global one-stop-shop for configuring and operating online securities marketplace. Instead of building in-house technical resources to develop customer-facing aspects of our digital platform, we will build upon the experience of Crowd Valley for the development of a state of the art digital platform quickly and cost effectively. This will enable GWM to launch its business in a shorter period of time.”
“We are delighted to have been chosen by GWM for this exciting project” said Markus Lampinen, Chief Executive Officer of Crowd Valley. “An attractive and user-friendly online interface, as well as a robust and secure digital back office plays a significant part in the success of the GWM project. We intend to make sure that the GCC-based affluent investors experience an investment journey on the GWM platform that is comparable with the best digital wealth management platforms available to affluent investors in the USA and the UK.”
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