Friday, October 30, 2020
Tags PE & VC

Tag: PE & VC

Beyond basic banking: Insha secures seed funding; plans expansion and Islamic investment product debut

After providing basic banking services for the last two years, Germany’s only digital Islamic bank will be rolling out Shariah compliant investment...

Entrepreneur sets up angel investor network exclusively for Islamic economy

Halal Angel Network, a networking platform focusing on investment opportunities in the Islamic economy, is looking to tap the start-up industry by connecting...

Islamic fintech-backer raises US$100 million to invest in MENA tech start-ups

BECO Capital, which has backed Shariah compliant fintech start-ups, has raised US$100 million for its second fund, exceeding its US$80 million initial target, to...

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...

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...

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...

Malaysia to draw Islamic-focused start-ups and investors with Islamic digital economy framework

Malaysia hopes to attract start-ups in the Islamic space with a comprehensive framework governing the Islamic digital economy which will cover different elements including...

A sweet deal: Beehive secures US$5 million Series A funding and new board member

MENA’s first regulated peer-to-peer finance platform (P2P) will use its recently procured funds to drive product development and assist its international expansion plans, particularly...

US venture capitalists invest in Dubai-based Shariah compliant fintech start-up

NOW Money has secured a place in Bahrain’s Fintech regulatory sandbox confirming what co-founder Ian Dillon told IFN Fintech last month: that the Dubai-based...

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ADIB-Egypt launches BEAT

Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt) has launched BEAT, a wrist-wearable device for contactless electronic payments, according to its website.

Palestine Islamic Bank steps up game with e-wallet

Already struggling to cope with an ongoing political crisis, the Palestinian economy has been severely battered over the years and things took...

cashew sprouts in Pakistan; to offer Islamic microfinance under Muawin

A fintech start-up with roots in the Middle East has secured a regulatory no objection certificate (NOC) from the Securities and Exchange...

ADIB introduces Apple Pay

Abu Dhabi Islamic Bank has integrated Apple Pay into its services, enabling customers to make contactless payment using an iPhone or Apple...