Ayan Capital, a London, UK-based Islamic fintech company, secured £2.8M in equity funding.
The round was led by Cur8 Capital.
The company intends to use the funds to expand halal car finance and other Islamic finance products in the UK.
Founded in 2023, Ayan Capital is a fintech company providing Islamic finance solutions empowered by technologies and open banking, which currently offers halal car finance and rent-to-buy products for PCO/PHV drivers. The company recently launched AyanPay – a 0% car repair and home improvement service. AyanPay enables customers to finance purchases for up to £20,000 for 12 months.
Using its proprietary technology and Islamic finance expertise, Ayan Capital has already financed over £3.4M.
The company’s founding team previously built Alif, a banking and fintech group in Central Asia, that has over 1,300 employees and serves 3.8 million customers, as well as Alif Academy, which offers free programming courses and has over 3000 graduates to date.
FinSMEs
13/12/2024