Qannas
Qannas FinTech is an open finance platform that helps its users to manage and keep track of their portfolios in one place, with its friendly user experience and deep portfolios analysis.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
* | N/A | Seed | |
| Total Funding | 000k | ||
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Qannas FinTech, established in 2022 by Basil Al-Bahri, operates as an online platform designed to assist investors in consolidating and overseeing their investment portfolios. The company is headquartered in Riyadh, Saudi Arabia, and was co-founded by Aamir Abid and Abdelrahman Mahallawy. In 2023, Qannas successfully concluded a pre-seed funding round led by Core Vision, with contributions from other angel investors. This capital infusion has supported the company's growth, evidenced by a 230% year-on-year increase in its client base, which now exceeds 8,000 users.
The platform serves individual investors by providing a unified interface to manage diverse financial assets such as stocks, bonds, and mutual funds. Qannas generates revenue through a subscription-based model, offering a seven-day free trial for new users. The core service allows users to link multiple investment portfolios from various brokerage firms into a single dashboard. This aggregation provides a holistic view of an individual's financial standing, including comprehensive analyses of profits and losses.
Key features of the Qannas application include performance measurement and risk assessment tools. The platform analyzes risk elements like price volatility and provides probabilistic return estimates. Users can also evaluate initial public offering (IPO) subscriptions and share their portfolio details with others. The application is available on both iOS and Android operating systems and integrates with the Unified National Platform for precise investor data verification during registration. This integration simplifies the onboarding process through methods like SMS authentication or direct linkage.
Keywords: portfolio management, investment tracking, financial analysis, open finance, fintech, wealth management, asset consolidation, risk assessment, performance measurement, investment platform, stock market analysis, portfolio aggregation, Riyadh startup, Saudi fintech, Basil Al-Bahri, Core Vision, investment tools, financial dashboard, IPO analysis, portfolio sharing