IMAN closes $1mln in funding to revolutionize the way people in Muslim Markets shop and invest -- the halal way
Summary
To scale the investment platform throughout the world, IMAN is looking to build a DeFi (decentralized finance) protocol that will connect investors seeking sustainable halal yield with consumers in frontier markets where there is a gap in access to capital. The combination of a rapidly growing economy and consumers’ increased comfort with technology creates an exciting opportunity for the IMAN team to build a halal superapp." Olzhas Zhiyenkulov, founder of Tesla Capital (Singapore) added, “IMAN represents the best of Frontier Technopreneurship: building an inclusive financial ecosystem that empowers MSMEs and consumers to control cashflow, access funding and transact in a socially acceptable and responsible way. Rustam Rahmatov, Founder & CEO at IMAN: “First and foremost, this investment will help us scale our technology in order to integrate seamlessly with retail partners across the different regions both online and offline to provide finance in seconds. The company plans to expand into other frontier markets by early 2023 with predominantly young and tech-savvy Muslim populations, increasing disposable incomes, and rising e-commerce digital payment systems penetration.