About Islamic Coin
Islamic Coin is a company based in Zug (Switzerland) founded in 2021 by Andrey Kuznetsov.. Islamic Coin has raised $200 million across 2 funding rounds from investors including ABO Digital. Islamic Coin offers products and services including ISLM Coin, HAQQ Blockchain, and Wallet. Islamic Coin operates in a competitive market with competitors including Better-Change, Bebanx, Bens Digital Change, ExchangeMarket and Bitandpay, among others.
- Headquarter Zug, Switzerland
- Founders Andrey Kuznetsov
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$200 M (USD)
in 2 rounds
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Latest Funding Round
$2.4 M (USD), Token Sale
Oct 09, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of Islamic Coin
Islamic Coin offers a comprehensive portfolio of products and services, including ISLM Coin, HAQQ Blockchain, and Wallet. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Shariah-compliant digital currency for ethical finance transactions.
Proof-of-Stake system for Shariah-compliant decentralized finance.
Secure tool for managing and transacting with IslamicCoin.
Funding Insights of Islamic Coin
Islamic Coin has successfully raised a total of $200M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $2.4 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Token Sale — $2.4M
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First Round
First Round
(28 Jun 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2023 | Amount | Token Sale - Islamic Coin | Valuation |
investors |
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| Jun, 2023 | Amount | Private Equity Round - Islamic Coin | Valuation | ABO Digital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Islamic Coin
Islamic Coin has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include ABO Digital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Web3 financing solutions are provided for sustainable project growth.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Islamic Coin
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Islamic Coin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Islamic Coin Comparisons
Competitors of Islamic Coin
Islamic Coin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Better-Change, Bebanx, Bens Digital Change, ExchangeMarket and Bitandpay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Operates a digital hub for currency exchange services.
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| domain | founded_year | HQ Location |
Offers an app-based platform for efficient currency exchange services.
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| domain | founded_year | HQ Location |
Provides an app-based solution for remittance and currency exchange for individuals.
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| domain | founded_year | HQ Location |
Operates a digital hub specializing in EUR/CHF currency exchange services.
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| domain | founded_year | HQ Location |
Offers global payments processing, aggregation, and cryptocurrency solutions for online businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Islamic Coin
Frequently Asked Questions about Islamic Coin
When was Islamic Coin founded?
Islamic Coin was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Islamic Coin located?
Islamic Coin is headquartered in Zug, Switzerland. It is registered at Zug, Zug, Switzerland.
Is Islamic Coin a funded company?
Islamic Coin is a funded company, having raised a total of $200M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $200M, raised on Jun 28, 2023.
What does Islamic Coin do?
Islamic Coin internet-first currency exchange platform through innovating financial technology, forex tech, foreign currency services, currency exchanges, and internet-first providers. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Islamic Coin?
Islamic Coin's top competitors include Devisenwerk, Better-Change and Bebanx.
What products or services does Islamic Coin offer?
Islamic Coin offers ISLM Coin, HAQQ Blockchain, and Wallet.
Who are Islamic Coin's investors?
Islamic Coin has 1 investor. Key investors include ABO Digital.
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