Malaysia’s Global Sadaqah eyes 100% more Islamic social finance funds this year after own fundraising
Malaysia-based Global Sadaqah is eyeing a 100% growth in Islamic social finance funds it will raise this year after it successfully received 450,000 ringgit ($110,932) for itself.
The fintech start-up raised its first external investment for itself recently during a 72-hour flash-fundraising campaign on Islamic equity crowdfunding platform Ethis Malaysia.
The money it raised for itself will go towards developing “emerging technologies”, including a central dashboard with detailed analytics, a fully-automated campaign onboarding with AI-based compliance, multi-currency and localised payment systems support, and blockchain and subscription services.
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