Sindbad Tech
Category: AI in Fintech
A FinTech company providing AI-powered robo-advisory and automated trading solutions. Sindbad Tech was founded in 2013. The company is led by Mohammed Agbawi. Based in Riyadh, Saudi Arabia. Team size: 11-50. Total funding raised: $4.8 million. Latest round: Seed Round. Key investors include Alkhabeer Capital.
- Founded
- 2013
- Headquarters
- Riyadh, Saudi Arabia
- Team size
- 11-50
- Total funding
- $4.8 million
Value proposition
Automated, AI-driven investing to simplify trading and minimize human error.
Products and solutions
Robo-advisory platform, Automated trading bots
Unique value
The use of AI and big data to analyze market behavior and automate trading, reducing human error.
Target customer
Retail and institutional investors
Industries served
Fintech, Financial Services
Technology advantage
Proprietary AI algorithms for trading and risk management, and a cloud-based platform leveraging Microsoft Azure AI.
How they differentiate
Sindbad Tech differentiates itself by focusing on providing AI-powered trading bots and robo-advisory services. This allows for automated trading and investment management, targeting both individuals and enterprises.
Main competitors
Malaa Technologies, Hakbah, Tamara
Key partnerships
Microsoft (leveraging Azure AI & cloud technology), Alkhabeer Capital (lead investor)
Notable customers
Information not publicly available.
Major milestones
Successfully closed a SAR 18 million ($4.8 million) seed funding round., Expansion of financial products and digital transformation initiatives., Became first Saudi firm granted CMA fintech experimental permit for AI-powered robo-advisory (Oct 2025)., Received CMA authorization to practice investment advisory using AI (Dec 2025)., Obtained permit to commence business operations (Jan 2026).
Growth metrics
Information not publicly available.
Market positioning
Sindbad Tech is positioned as a fintech company in Saudi Arabia that provides artificial intelligence-driven investment management services and financial products.
Geographic focus
The primary geographic focus for Sindbad Tech and its main competitors is Saudi Arabia, with potential for expansion into the broader MENA region.
Patents and IP
No publicly available information on patents.
About Mohammed Agbawi
Founder and CEO of Sindbad.tech since 2013. Previously served as a Business Analyst at Saudi Fransi Capital, where he gained experience in business analytics and identifying market behavior.
Official website: https://sindbad.tech