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Takadao - Pre-Seed
Overview
Funding Date
October 19, 2023
Financing amount
$1.6M
Valuation
--
Catagory
About Takadao - Pre-Seed
Takadao, a Riyadh, Saudi Arabia-based provider of community-owned financial services on the blockchain, raised $1.6M in Pre-Seed funding. The round was led by Draper Associates and included participation from BIM, Core Vision Ventures and Prince Sultan bin Fahad bin Salman Al Saud.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 1985 | 22 | plans@draper.vc | ||
| Fund | Unknown | -- | 1 | -- | ||
| Corporate | Saudi Arabia | 2023 | 2 | -- |
Founders & Team
Morrad Irsane
Sharene Lee
Company Profile / Project Introduction
Led by CEO Morrad Insane, and COO Sharene Lee, Takadao builds community-owned financial services on the blockchain, with two flagship products in savings & loans (Takaturn) and cooperative life insurance. Its products, shariah-compliant, target the Muslim population globally, enabling global access even in countries where populations are largely unbanked.