Sarwa, an India-based online investment advisory platform for young professionals, announced on Tuesday it has joined forces with Saxo Bank to launch its new product, Sarwa X. According to Sarwa, the collaboration with Saxo will support the advisory platform’s growth across the MENA region as well as provide “flexibility and agility” to tailor new products and services.
“The launch of the new generation Sarwa X, an upgrade on the Sarwa Classic, offers new product improvements for easier funding and investment. Sarwa X supports local transfers in AED and USD. UAE clients can have free local transfers from their AED bank account to their Sarwa X account without incurring international transfer fees, thus optimizing long term returns.”
Speaking about the collaboration, Mark Chahwan, co-founder and CEO of Sarwa, stated:
“We are so excited about dramatically cutting costs for our clients. Fewer fees mean more returns, which have already been fantastic in comparison to industry benchmarks. We wanted to work with a partner that can deliver on backend cutting-edge technology so we can have more flexibility. This means better services and a lot of new products on the horizon.”
Chahwan went on to add:
“Having Saxo as our trusted partner will help us continue to scale the business in a smooth matter and continue to improve our offerings for our clients. Saxo Bank stood out in our evaluations based on its regulatory framework and Open API functionality as well as experience and trust. As Sarwa continues to evolve and grow, we see a partner that supports us on our journey and on our expansion into new markets.”
Founded in 2017, Sarwa claims to be is the first hybrid automated investment platform in the MENA region. The platform noted it makes investing easy, secure, and affordable, by combining proven investment strategies with technology that drives down costs.