London-based investment platform Mozaic has invested an undisclosed sum into Australia-based Marhaba Decentralized Financial Platform (MRHB DeFi), which would be channeled toward supporting the latter’s UK outreach.
“With a current market capitalization of US$2 trillion and growing – the crypto asset space represents an exciting growth opportunity for us and MRHB DeFi’s focus on ethical and inclusive finance resonates strongly with Mozaic’s investment thesis,” commented Sonny Gupta, a partner at New World Group, the parent company of Mozaic with over US$2.5 billion of group assets under management.
For the Islamic platform, this is an opportunity for it to reach clients outside of Asia and the Middle East. “The UK represents a key strategic investor community for MRHB DeFi – and one which we hope to engage better with high quality institutional partners,” said MRHB DeFi CEO Naquib Mohammed.
This investment follows a series of investments from other entities including NewTribe Capital, Sheesha Finance, Acreditus Partners and Contango Digital Assets.