InvestSky

InvestSky is a social investing platform for retail investors in the Middle East and North Africa, operated by InvestSky Financial Limited and based in Dubai, United Arab Emirates. The mobile app gives users access to more than 15,000 stocks and ETFs across the US and Saudi markets, with zero commission on US stocks, fractional shares that allow investing from as little as $1, extended-hours US trading, dividend reinvestment, watchlists and position groups, and curated thematic collections.

Alongside execution, the platform provides market intelligence and analytics, including core business metrics, comparative benchmarking of a stock against its sector, industry and the S&P 500, and quarterly and annual financial statements and earnings data. Shariah-compliance checks and identifiers are integrated so users can screen holdings against Islamic investing principles. A social layer lets users follow other investors, view community insights, share and discuss investment ideas, and learn strategies from more experienced participants, positioning the app as an alternative to fragmented investment discussion spread across general social media.

The company is licensed by the Dubai Financial Services Authority under a category 4 licence with retail endorsement, and in February 2026 received a Financial Technology Experimental Permit from Saudi Arabia's Capital Market Authority, entering the Saudi market through a partnership with anb Capital. Client accounts held with its partner broker are described as FINRA and SIPC protected up to $500,000.

Founding story

InvestSky was founded in 2021 by Nitish Mittal, who serves as Founder and CEO, and Turki Alalshaikh (also rendered Turki Alshaikh), Co-Founder and Managing Director. The founders' stated premise was that retail investors in the Middle East represent an influential but poorly served group, and that engagement, education and financial inclusion — including participation by female investors — remain underdeveloped in the region.

Business model

InvestSky operates a direct-to-consumer brokerage app in which it fronts the user experience, market data and social features while execution and account custody sit with a partner broker and, in Saudi Arabia, with a licensed local institution (anb Capital). Trading in US stocks is offered commission-free, so monetisation comes from regulatory and transactional pass-through fees and from an optional paid subscription tier rather than per-trade commissions.

Reported revenue sources are the SEC fee, the trading activity fee (TAF) and withdrawal fees, plus a premium subscription plan priced at USD 9.99 per month (offered free until March 2023).

Traction

The company reports app coverage of over 15,000 stocks and ETFs, operations across six GCC markets, and cumulative funding of $7.4 million. It was recruiting for 14 open roles across technology, marketing, operations and the CEO office in Dubai and Riyadh.

Latest developments

In February 2026 InvestSky announced its expansion into Saudi Arabia following a $4 million seed round, having received a Financial Technology Experimental Permit from the Capital Market Authority and entered a partnership with anb Capital. Proceeds are earmarked for broadening market access, setting up Saudi operations, local hiring, and adapting the platform to regulatory requirements.