# IMAN Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iman-group

- Industry: Financial Services
- Headquarters: Uzbekistan
- Website: www.imaninvest.com/en
- Total disclosed funding: $1M
- Latest round: Seed (Feb 22, 2022)
- Investors on record: 8

## About

Based in Uzbekistan, and founded in 2019, IMAN Group Ltd. is a full-service halal finance provider for retailers, consumers, and investors. In February 2022, IMAN Group Ltd. raised USD 1 million in Seed funding from Battery Road Digital Holdings, Tesla Capital, UZCARD Ventures, MyAsiaVC, Le Mercier’s Capital, Block0, Vector Crypto Capital, and IT-Park Investments. Rustam Rahmatov (CEO) and Mark Zubov (CFO) are the co-founders of the company.

The company offers a mobile platform for Muslim majority markets consisting of IMAN Invest, an investment platform, and IMAN Pay, a halal BNPL (buy-now-pay-later) solution. IMAN Invest manages over USD 1.2 million users from more than 1,000 retail investors across 60 countries.

Halal BNPL is also connected to more than 100 merchants offering goods and services across consumer electronics, household appliances, sports, healthcare, and education. The firm's partners include Tethys, Dentons, and Pay me.

The organization plans to use the February 2022 funds to scale its technology in order to integrate with retail partners across the different regions both online and offline to provide finance in seconds and also able to roll out partnerships with merchants across all sectors including beauty and fashion, FMCG, and services. 

The funding also empowers the company to start exploring opportunities in other Muslim majority markets, including GCC, in early 2023 and also plans to raise another USD 1 million in its Pre-Series A funding.

## Funding rounds

- Seed, Feb 22, 2022, $1M — Battery Road Digital Holdings, MyAsia VC, Tesla Capital, Uzcard Ventures, Vector Crypto Capital, Le Mercier’s Capital, IT-Park, Block0

## Investors

- Battery Road Digital Holdings — Seed
- MyAsia VC — Seed
- Tesla Capital — Seed
- Uzcard Ventures (https://capitalatlas.ai/funds/uzcard-ventures) — Seed
- Vector Crypto Capital — Seed
- Le Mercier’s Capital — Seed
- IT-Park (https://capitalatlas.ai/funds/it-park) — Seed
- Block0 (https://capitalatlas.ai/funds/block0) — Seed