Every round on record, with the sources behind each and the investors on them.
A financial technology company building a global Islamic financial platform
wafrchain.comDubai, United Arab EmiratesFintech
2 sources
Developing: it holds up against its sources so far, and firms up as more reporting lands.
Not on the page it cites, so not applied: date
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Seed [ HISTORY ]: An earlier round, from the company's own announcement, found while researching the company. Checked like any round, but not new, so it stays out of the daily feed and alerts; a date range shows it. | $4M | 2026-02-24 | Almada Ventures, Attijariwafa Ventures, LoftyInc Capital | No recent discussion |
2 sources [ DEVELOPING ] Developing: it holds up against its sources so far, and firms up as more reporting lands. read against 1 of 2 sources
Not on the page it cites, so not applied: date | ||||
Wafr builds a private, permissioned blockchain and global Islamic financial platform for individuals, businesses, and institutions, starting with on-chain sukuk issuance, distribution, settlement, and profit payments.
Wafr says a sukuk issuance typically involves eight separate parties maintaining separate records, so transfers, profit payments, and other actions must be re-keyed and reconciled, adding cost, delay, and error to a process that can take months or more than a year. Its first product puts instrument terms, Shariah approvals, issuance, distribution, settlement, and profit payments on one private ledger with transaction finality in 300 milliseconds, targeting a sukuk market with US$1.14 trillion outstanding in 2025, while the pre-seed backing from Coen Jonker and Neal Cross supports the bet on institutional Islamic-finance infrastructure.
Checked against 8 sources today