Yielders increases crowdfunding tranche

Islamic fintech platform Yielders has increased its Seedrs crowdfunding tranche to allow for overfunding until the end of July, following full subscription in the first week the funding round was launched on the platform: as of the 28th June 2019, a total of GBP530,208 (US$672,551) was raised, exceeding its GBP500,005 (US$634,239) target, according to the campaign page on Seedrs. Part of Yielders’s Series A funding round, proceeds will be used to expand its services across the EU and GCC. In a statement, Irfan Khan, CEO and founder of Yielders, revealed that the platform will roll out new products over the next 24 months.