L39 member Yielders completes pre-series A funding round; names Abdul Haseeb Basit first Chairman
30th August 2018
Level39 member Yielders, the halal investment platform which is certified Shariah-compliant and FCA authorised, has announced the completion of a pre-series A funding round and a new chairman.
The news comes in conjunction with the completion of regulatory authorisation (passporting) in Holland, Luxembourg and Norway.
Supported by Peach Ventures, another Level39 member, and Greenshores Capital – multiple private investors have participated in this round setting up the company for a further expansion and series A round in 2019.
Abdul Haseeb Basit, co-founder and Principal at Elipses, a research and advisory firm, was formerly CFO for Innovate Finance and is a Fintech and Islamic Finance specialist.
Irfan Khan, CEO and Founder of Yielders said “Closing of the investment round is a significant milestone for the business allowing us to further develop our offering in the UK and wider across the EU/EEA. I’m also delighted to have Abdul Haseeb joining us, to add further leadership and governance to our business at this exciting phase in our expansion”
In the past year Yielders has experienced impressive growth over the past 12 months with users increasing 125% and investment up by 165%. Find out more here.