Tuesday, October 20, 2020
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Tag: Funding

DIFC invests in Islamic fintech

The Dubai International Financial Centre (DIFC) has invested in four fintech start-ups including two which offer Shariah compliant services — remittance platform...

Wahed Invest closes multimillion-dollar investment with Dubai tech fund

The subsidiary of a government-backed agency has invested millions of dollars into Islamic robo-advisor Wahed Invest, bolstering the New York-headquartered start-up’s US$100 million valuation. Without...

NowPay reveals successful seed round

NowPay, a fintech start-up established earlier this year on a Shariah compliant proposition, confirmed it has raised US$600,000 in seed funding from 500 Startups...

Canada-based Manzil eyes regional expansion as it expects to launch mortgage product by final quarter

A Canadian Islamic fintech start-up is looking to expand beyond Toronto and into the US as it builds its product pipeline, anchored by a...

Islamic fintech start-ups may benefit as global investors start to pay attention to MENA entrepreneurs

Despite concerns over the reverberations that could engulf start-up investments as triggered by the collapse of private equity giant Abraaj, there is optimism that...

Make it Rain: Islamic crypto exchange secures license and US$2.5 million seed funding

Three years since taking its first step toward becoming a regulated entity, Shariah compliant Rain has become the first digital currency exchange in the...

HelloGold begins Series B funding round as it eyes digital banking license

Kuala Lumpur-headquartered digital savings platform, HelloGold, has begun approaching international investors for its pre-series B funding round as it continues to expand its international...

Ficus Venture Capital prepares to invest in Islamic tech firms

Malaysia’s first Islamic tech venture capital (VC) firm is giving itself until the end of the 2019 to raise RM100 million (US$24.19 million) but...

Russia’s largest bank invests in Zakat digital platform

Russia’s largest bank by assets has acquired a 25% stake in the nation’s first artificial intelligence (AI)-driven Zakat chatbot, further cementing its commitment to...

Canadian Islamic fintech start-up secures seed financing

An Islamic financing start-up has raised CA$1.15 million (US$875,344) in seed financing setting the foundation for the Toronto-based company to launch in the third...

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Saudi’s e-commerce boom attracting Shariah compliant fintech start-ups

The Saudi government’s aggressive push to develop its e-commerce sector for its cash-rich citizens in a bid to divorce itself from its...

UK’s largest Islamic bank to boost digital offerings

UK’s first Islamic bank will be enhancing its digital offerings, encouraged by the strong uptake in digital channels by its customers.

SIBL first Islamic bank to implement digital onboarding; more to follow

Social Islami Bank (SIBL) has become the first Shariah bank in Bangladesh to enable a fully digital onboarding experience, setting the foundation...

Digital at its core: FWD Takaful to roll out new online products

When a Hong Kong billionaire invests into a Takaful firm, you can be rest assured it would make global headlines – and...