Founders of Alif raised £25 million for the Ayan Capital startup

The founders of Alif — Abdullo Kurbanov, Firdevs Mirzoyev, and Zuxursho Raxmatulloev — have raised £25 million for their startup Ayan Capital from Partners for Growth, an international private credit firm.

Ayan Capital offers halal financing for the purchase of eco-friendly cars by private drivers and renters. The company uses a tech-driven, fee-free model, providing funds directly to customers regardless of where they make their purchase. Recently, the company launched Ayan Pay — an interest-free financing product for 12 months for home repairs, car maintenance, and furniture purchases.

The company has increased its funding by 2.2 times while maintaining a zero default rate. The new funding will help accelerate growth and technological development, with the goal of reaching £25 million in 2025 and £100 million by 2026.

Ayan Capital is also part of the growing Islamic finance sector in the UK, where demand for such products continues to rise.