About Kestrl
Kestrl is a company based in London (United Kingdom) founded in 2019 by Irfan Radzi, Areeb Siddiqui, Ayaz Siddiqui, and Daeng Termizi.. Kestrl has raised $254.01 thousand across 3 funding rounds from investors including Techstars and DIFC. Kestrl offers products and services including Halal Screener, Budgeting Tool, and Saving Tool. Kestrl operates in a competitive market with competitors including Plum, Oval Money, Moneyhub, Emma and Money Dashboard, among others.
- Headquarter London, United Kingdom
- Founders Irfan Radzi, Areeb Siddiqui, Ayaz Siddiqui, Daeng Termizi
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Sectors
Financial ServicesTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Kestrl Ltd
- Date of Incorporation 05 Nov, 2019
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$254.01 K (USD)
in 3 rounds
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Latest Funding Round
$20 K (USD), Seed
Dec 28, 2022
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Investors
Techstars
& 1 more
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Employee Count
Employee Count
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Products & Services of Kestrl
Kestrl offers a comprehensive portfolio of products and services, including Halal Screener, Budgeting Tool, and Saving Tool. 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.
Screens public companies for Sharia compliance to guide ethical investing.
Analyzes income and spending to create personalized automatic budgets.
Automates savings towards user goals using connected bank accounts.
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Funding Insights of Kestrl
Kestrl has successfully raised a total of $254.01K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $20 thousand completed in December 2022. 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 3
- Last Round Seed — $20,000
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First Round
First Round
(24 Dec 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2022 | Amount | Seed - Kestrl | Valuation | Techstars |
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| Sep, 2022 | Amount | Seed - Kestrl | Valuation | DIFC |
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| Dec, 2020 | Amount | Seed - Kestrl | Valuation |
investors |
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| 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 |
Investors in Kestrl
Kestrl has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Techstars and DIFC. 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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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Global financial centre promoting trade, investment, and innovation in Dubai.
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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 Kestrl
| 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 - Kestrl
| 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 |
Kestrl Comparisons
Competitors of Kestrl
Kestrl 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 Plum, Oval Money, Moneyhub, Emma and Money Dashboard, 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 |
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| domain | founded_year | HQ Location |
AI-based platform for automated personal spend management is provided.
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| domain | founded_year | HQ Location |
App for financial planning, savings and P2P lending
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| domain | founded_year | HQ Location |
Personal finance tools are offered for individuals and enterprises.
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| domain | founded_year | HQ Location |
Money management tools are offered via an app for individuals.
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| domain | founded_year | HQ Location |
Online platform for personal finance management
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| domain | founded_year | HQ Location |
Personal financial management platform
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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 Kestrl
Frequently Asked Questions about Kestrl
When was Kestrl founded?
Kestrl was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Kestrl located?
Kestrl is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Kestrl?
Areeb Siddiqui is the current CEO of Kestrl. They have also founded this company.
Is Kestrl a funded company?
Kestrl is a funded company, having raised a total of $254.01K across 3 funding rounds to date. The company's 1st funding round was a Seed of $234.01K, raised on Dec 24, 2020.
What does Kestrl do?
Kestrl was founded in 2019 in London, United Kingdom, as a fintech platform focused on personal finance for Muslim users. An app-based service is provided to support budgeting, savings tracking, and goal setting aligned with Islamic principles. Operations are centered in the UK, with digital tools accessible globally to assist users in managing finances ethically and efficiently. The team includes co-founders Irfan Radzi, Areeb Siddiqui, Ayaz Siddiqui, and Daeng Termizi.
Who are the top competitors of Kestrl?
Kestrl's top competitors include Plum, Oval Money and Moneyhub.
What products or services does Kestrl offer?
Kestrl offers Halal Screener, Budgeting Tool, and Saving Tool.