Homegrown gold and silver investment platform Sabika has secured a USD six-figure strategic investment led by M Empire Angels to support its expansion in Egypt and the GCC, the company said in a statement (pdf).

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Where’s the money going? The startup will use the capital to enhance its platform, roll out AI-powered investment tools, and expand regionally — starting with Saudi Arabia this year.

About the Sabika: The company aims to offer users an accessible, ethical way to save and invest in gold and silver through a digital platform that blends Islamic finance principles with real asset-backed savings. So far, it has accumulated 20k users across 27 Egyptian cities, recording over EGP 120 mn in transaction volume.

What they said: “People have always trusted gold — but they needed a system they could trust just as much,” said CEO Ibrahim Anwar. “That’s what we’re building at Sabika: simple, smart, aligned with our values, and built for long-term resilience.”

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