UAE fintech Wafr secures pre-seed angel funding from Coen Jonker and Neal Cross to digitise sukuk issuance on its blockchain platform.
Round Type
Pre-Seed
United Arab EmiratesFinancial ServicesFinanceFintechBlockchainCryptocurrencyLendingInvestors
Description
Wafr, a UAE-based Islamic finance fintech co-founded by Mahmoud Bouchelif and Anthony Murphy, has closed a pre-seed funding round from angel investors Coen Jonker (co-founder of Tyme Group) and Neal Cross (former CIO of DBS Bank). The company has launched WafrChain, a permissioned blockchain platform for Shariah-compliant sukuk issuance, distribution, settlement and profit payments. Wafr plans to expand into fund tokenisation, tokenised deposits, trade finance and consumer services including cross-border remittances.
Who to call at Wafr, and when
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- An alert the day Wafr raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Wafr, from your own LinkedIn network
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