5 startups from Central Asia that have attracted investments in the last month

Alaqan received $10,000 in funding by winning the AI Battle organized by Presight AI and Astana Hub

Alaqan is a new solution for biometric identity verification using palm vein patterns.

AI Battle is a competition aimed at enhancing the quality of startup ideas and scaling their businesses in the fields of artificial intelligence, big data, and machine learning.

By participating in AI Battle in April 2023, the startup took first place and received a prize fund of $10,000.

Startup Whoock received $550,000 from Microsoft

In January 2023, students from the Astana Financial Mathematics School developed Whoock, an AI-powered website generator and editor.

Using text messages, users can edit the generated website if they are not satisfied with the proposed version. For example, they can change the color scheme, add or remove buttons, sections, and other features.

Uzbek fintech startup received investment from 500 Global and will now enter the Kazakh market

IMAN Invest, an investment fintech startup operating on the principles of Islamic finance, secured funding from the international fund and accelerator 500 Global. The deal was finalized in San Francisco, USA.

Previously, investors in IMAN Invest included entrepreneurs Olzhas Zhiyenkulov, Murad Nazarov, Anvar Irchaev, Yulduz Mavlyanova, investment funds UMAY Angel’s Club, Tesla Capital, as well as Battery Road Digital Holdings, Uzcard Ventures, IT-Park Investments, and others.

Kazakh startup Biometric raised $600,000 in investment for international expansion

Biometric is a provider of biometric services to the National Bank of Kazakhstan. The project also serves several Kazakh banks and microfinance companies, as well as various startups, including Naimi.kz.

Kazakh startup Cerebra won the international Global Startup Awards competition

The Kazakh startup Cerebra won the Best VerTech startup category at the international Global Startup Awards 2023, held in Copenhagen on March 28–29. The Kazakh team outperformed competitors from Kenya, Nigeria, Turkey, Denmark, Uzbekistan, and Norway.

The startup will gain access to the exclusive GSA Alumni Network, available only by invitation. The GSA Alumni Network supports the development of startup ecosystems worldwide.