Alif Uzbekistan has attracted $5 million from the British fund Cur8 Capital
Author - Mansur Ismagulov
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FinTech company Alif Uzbekistan has attracted investments from the British fund Cur8 Capital. The subsidiary will be able to receive up to $5 million through an open financial line to develop the Alif Nasiya installment service. Additionally, as part of a long-term strategy, the company plans to issue Islamic bonds to strengthen its position in the financial services market.
FinTech company Alif Uzbekistan closed a deal to raise investments from the British Islamic finance fund Cur8 Capital.
As part of the open financial line, Alif's subsidiary will be able to receive up to $5 million. The funds raised are planned to be directed toward the development of the Alif Nasiya installment service.
Additionally, as part of its long-term strategy, Alif plans to issue Islamic bonds to strengthen its position in the financial services market.
Cur8 Capital also invested in the startup Ayan Capital, founded by Alif's co-founders. It provides Islamic banking services to legal entities and individual entrepreneurs in the United Kingdom.
Source: spot.uz
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