Personal Finance App Wally Announces $400,000 in Funding at #ArabNetMe Digital Summit in Dubai Achieves 100,000 Active Users
Dubai UAE based Wally joined over 1,000 online and technology startups and entrepreneurs at ArabNet’s Digital Summit in Dubai to announce its first phase of funding in the amount of $400,000 (approximately AED 1.5 million).
“Securing our first round of funding is an important milestone for the company, and one which will allow us to scale and expand to meet the demands of our global users. This funding will go towards product development and engineering. Our key aim is to create the right product, bringing it closer to a complete personal financial solution, and achieve our next milestone of 1 million active users globally,” said Saeid Hejazi, CEO and cofounder, Wally.
This announcement comes on the heels of a recent anticipated update to the popular app allowing users to plan and budget their income and spending.
“This update is more than just a new feature, it marks the next level for Wally. We started with the logical first step: creating the best tool to record expenses in an easy and smart way, and building up to the inevitable release of the income and budgeting feature. The number one requested feature by users is now live, giving them the ability to plan their savings and work towards their personal financial goals,” said Baher al Hakim, cofounder, Wally.
Wally helps users anywhere in the world keep track of what they spend and the details, in their own currencies. Available for free and advertisement-free, user privacy is ensured as user-generated data is only saved on the phone.
Wally has received incredible reviews from both users and critics a like. It has 5 Star ratings on Apple App Stores from around the world, Wally has also won two start-up competitions; Best Start-Up in the Middle East by ArabNet and Best Start-Up in Dubai by MAKE Business Hub.
Wally is currently available free to download in the iPhone Apple app store. For more information and for a link to download the app, please visit wallyapp.me