Ayan Capital raised $100 million in investments from Triple Point

British FinTech Ayan Capital has signed an agreement with investment company Triple Point for funding of up to $100 million. The funds will be directed toward refinancing existing debt and financing new deals at the next stage of the company's growth.

Ayan Capital is a FinTech operating in the field of Islamic automotive financing. The company provides Shariah-compliant auto leasing financing to private and corporate clients in the UK.

Ayan's model is based on Ijarah: the company purchases the vehicle and retains ownership throughout the lease term, while the client makes fixed monthly payments. Through the AyanCare product, the company also assumes extended responsibility for vehicle repairs.

The funding will enable Ayan to reduce its cost of capital and offer more competitive terms to suitable clients. The company also plans to develop systems, corporate governance, and financial infrastructure with the long-term goal of obtaining a banking license in the UK.

Ayan was founded by Abdullo Kurbanov, Firdevs Mirzoyev, and Zuxursho Rahmatulloev. Previously, they co-founded the FinTech company Alif, which serves over 10 million customers in Central Asia and Pakistan.

The new funding will help launch AyanCare, reduce financing costs, and prepare the company for further development as a potential UK bank.

Source: triplepoint.co.uk