Encourage and Innate: Companions in Fueling Zoya Finance

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Zoya Finance, an revolutionary US-based fintech firm, seeks to be “your halal investing co-pilot.” By way of Zoya, buyers can display and analyze securities to make sure that they adjust to buyers’ moral tips. Zoya can be launching brokerage companies, and properly as analytical instruments to assist buyers calculate their charitable giving (Zakat) necessities.

Two of Zoya’s early buyers – Encourage Enterprise Capital and Innate Capital Companions – have supported the enterprise not solely with funding but additionally with deep experience in enterprise constructing and in Islamic finance.

The Encourage companions have been constructing and investing in early-stage startups since 2003. Encourage goals to “again unimaginable founders with robust area data who’re tackling actual, sturdy issues.” Encourage’s portfolio spans its two funds, principally centering on founders constructing in the way forward for finance and B2B software program realms.

Zoya’s concentrate on the halal funding market caught Encourage’s early consideration. Encourage “seems for alternatives with very excessive development potential in giant and rising markets.” Assembly Zoya’s founders and researching the noticeably-underserved market satisfied Encourage that the halal funding area was enticing for each a community-driven retail funding platform and a market knowledge product.

Innate Capital Companions invests in “firms that assist folks align their funds with their values.” Innate’s portfolio consists of a number of fintech firms providing halal monetary options. These embrace firms in wealth administration, dwelling financing, schooling finance, and crowdfunding.

Along with offering capital, Innate helps its portfolio firms with its “business experience, strategic enter, and community of monetary companies operators and buyers.” Having constructed a various portfolio of values-aligned fintechs, Innate has distinctive perspective on how monetary companies firms can scale and succeed.

Saad Malik, founder and CEO of Zoya, notes “having each Encourage and Innate as buyers is immensely useful to us. Encourage supplies deep experience in enterprise constructing throughout sectors, whereas Innate deeply understands our business and goal market. We’re thrilled to be partnering with them each on our mission to offer extra entry, transparency, and schooling round Islamic monetary companies, and to allow each Muslim with the means to construct generational wealth with out compromising their values.”

Lauren DeLuca, Managing Companion of Encourage, provides “we’re excited to help Saad, Bilal and the whole Zoya staff. They’re constructing an extremely necessary product for the Islamic investing neighborhood, one which fosters collaboration, schooling, and connectivity with different faith-driven buyers. Innate is the best coinvestor, one whose experience offers us further consolation that Zoya has supporters who’re consultants in halal finance.”

Aamir A. Rehman, Chair of Innate, says “Encourage’s funding in Zoya sends a robust sign on the standard of the corporate, the size of the chance, and Encourage’s eager capability to identify potential. It’s a pleasure for us to collaborate with Encourage and watch Encourage apply its time-tested experience in serving to firms succeed.”