فريق إنت عربي
- UAE-based Qudwa platform raises $1.1 million in a funding round to advance AI-powered financial management
- The round saw participation from UK-based 1818 Venture Capital, F6 Ventures, US-based Sparked VC, Institutional Venture Partners, and Lebanon-based I.M Funding.
- The funding will strengthen Qudwa’s presence across the GCC, amid growing demand for its services.
UAE-based Kudwa, a platform specializing in AI-driven financial management, has announced raising $1.1 million in a funding round, with participation from 1818 Venture Capital (UK), F6 Ventures, Sparked VC (US), Institutional Venture Partners, and I.M Funding (Lebanon).
The investment aims to accelerate product development, expand the company’s team, and enhance its footprint in the Gulf region, as demand for its platform continues to grow.
Kudwa describes its system as an AI-powered financial manager that aggregates data, generates reports, analyzes financial information, and delivers actionable recommendations.
The platform is designed to reduce the manual burden associated with operating across multiple systems. According to the company, there is strong demand from businesses struggling to manage financial data distributed across various platforms.
The company integrates machine learning technologies with large language models, as statistical models used in machine learning help mitigate risks associated with large language models.
Commenting on the development, Karl Nasr, CEO and Co-founder of Kudwa, said:
“Our platform serves finance managers, CFOs, and financial planning and analysis teams, and we are committed to providing them with the support they need.”
