Wahed Ventures to raise RM239mil in five years

Founder and chairman of Wahed, Junaid Wahedna (right) and CEO and country head of Wahed in Malaysia Zayan Yassin (left) at the KL20 2024 Summmit.

KUALA LUMPUR: American financial technology or fintech and services company Wahed is confident of raising some US$50mil (RM239mil) over the next five years to be invested in startups via its fully syariah-compliant equity crowdfunding (ECF) platform, Wahed Ventures.

Wahed founder Junaid Wahedna said the company was in talks with “tens of thousands” of potential investors.