Riyadh - Sharikat Mubasher: Siolla Digital Financial Technology Company, specializing in micro-investing and robo-investing, obtained approval from the Capital Markets Authority (CMA) to test robo-advisory services.

In a recent statement, the authority noted that the permission was granted to Siolla after the completion of the commencement of business requirements for the Financial Technology experiment permit granted to the company in July 2024.

Headquartered in Riyadh, Siolla is an innovative investment platform designed to help investors make investing a consistent and successful habit, requiring no minimum budget. It focuses on low-risk strategies and simplifies investing through features like investment portfolios, aiming to make investing accessible, manageable, and efficient.

Siolla enables investors to build their investment portfolio automatically based on their goals and risk level, helping them understand their portfolio’s potential growth through data-driven future projections.