Global Sadaqah Team
Global Sadaqah raises US$111K+ to help charity campaigns match with donors
The story: Global Sadaqah, a Malaysia-based fintech firm, has raised US$111,317 (MYR450,000) via an issuance on Shariah-compliant equity crowdfunding platform Ethis Malaysia.
Investors: Azmi Muslimin, Khaled Fouad, Awaiz Patni and some other undisclosed investors
What the funding will be used for: Product expansion and growth outside of Malaysia
About Global Sadaqah: Founded in 2018, GlobalSadaqah is a crowdfunding platform that matches charity campaigns to donors.
The company claims to have doubled its growth since 2019, with Malaysia and Singapore as the top 2 donor-countries on the platform.
The startup facilitates donations through 11 channels including e-wallet providers in Malaysia, bitcoin, and digital gold.
“It is more important now than ever to enhance the distribution, impact and especially the sustainability of large donors and corporate zakat. We seek to provide a one-stop service for Muslim-owned companies and business owners to distribute their social funds,” said Ifran Tarmizi, Global Sadaqah’s Country Manager for Malaysia.
GlobalSadaqa has recently partnered with Alliance Islamic Bank.
Binance invests in Furucombo to accelerate the decentralised finance ecosystem
The story: Blockchain company Binance has made an undisclosed investment in decentralized finance (DeFi) aggregator Furucombo. The details of the deal remain undisclosed.
More about the story: The strategic investment will further enhance the decentralized finance ecosystem by enabling easy DeFi loan and trading experiences, the company said.
“We see Furucombo as a game-changer for DeFi. The service makes it easy for the layperson to leverage DeFi composability to string together sophisticated transactions. In particular, the service lowers the barrier to use flash loans, one of the more unique innovations in DeFi but previously only accessible to developers,” said Teck Chia, Head of Binance X.
In the future, Furucombo aims to further collaborate with Binance X and the Binance Smart Chain.
About Furucombo: Furucombo is a tool built for users to rearrange or rewrite their DeFi strategy by simply dragging and dropping. For those who do not know what to do the platform also offers them with pre-built combos.
WildCats appoints new Global Head of Innovation
The story: WildCats, a US-based talent matching firm, has appointed former Carro COO Andy Choi as its new Global Head of Innovation.
More about the story: In his new role, Choi will be responsible for connecting corporations and budding entrepreneurs to further grow the company’s presence.
Prior to his new role, Choi led Carro’s growth in Southeast Asia and grew the platform’s wholesale business into a key revenue driver for the company. In addition to that, he also brings expertise from working in several large organisations like StarHub, Whispir and Great Eastern.
Also Read: In brief: Crypto startup Bonded raises US$2.25M; Vinasun lays off employees
“There are millions of bright, resilient and creative people all around us from mom-and-pop shops to factory workers, teenagers to taxi drivers. Wildcats unites established businesses with the dreamers and doers of the world in a shared vision of success, boosting equality, diversity and inclusion as well as corporate growth and competitiveness,” said Choi.
About Wildcats: Wildcats is an open innovation platform that connects organisations with people that they cannot typically reach as they may be limited by finances, location or education.
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Image Credit: Global Sadaqah
The post In Brief: Global Sadaqah raises US$111K, Wildcats appoints ex Carro COO as Global Head of Innovation appeared first on e27.