Roehl Niño Bautista · · 1 min readUzbek fintech startup nets $1m in seed funding
Uzbekistan-based Iman, an investment platform, has raised US$1 million in a seed round backed by Battery Road Digital Holdings, Tesla Capital, and Uzcard Ventures.
Iman founders Rustam Rahmatov and Mark Zubov / Photo credit: Iman
Iman is a halal fintech startup, certified as having Sharia-compliant Islamic finance operations. It offers investment, peer-to-peer lending, as well as buy now, pay later products, all of which follows the murabaha structure – an Islamic financing structure that works as a sales contract.
The company was founded by Rustam Rahmatov and Mark Zubov in 2019.
Iman’s seed fund will go toward integrating retail partners, partnering with merchants, and expanding in its market, said Rustam Rahmatov, the firm’s founder and CEO. The platform aims to become a super app catering to Muslim-majority markets by 2023.
See also: From halal blockchain to dead coin: The tale of an ICO that went south
Other investors in this round include:
- MyAsiaVC
- Le Mercier’s Capital
- Block0
- Vector Crypto Capital
- IT-Park Investments
Editing by Collin Furtado and Arpit Nayak
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