MRHB
Latest round
- Seed
Last raised
- Jul 2024
Total raised
- $0.2M
Investors
- 2
About MRHB
MRHB LTD is a Sydney, Australia-based company that focuses on providing halal-compliant financial products in the cryptocurrency market. Founded in 2020 by Naquib Mohammed, the company has successfully closed three deals.MRHB Network offers a suite of innovative financial products and services tailored for the halal cryptocurrency and DeFi market. Additionally, MRHB provides MPower, which allows users to utilize cryptocurrencies for everyday transactions, including mobile recharges and shopping through virtual prepaid cards and gift cards. TijarX serves as a digital asset exchange focused on Halal-certified crypto assets, enabling users to trade tokenized commodities like gold and silver.MRHB Network generates revenue through transaction fees associated with its various offerings, including trading fees on TijarX and transaction fees incurred during the use of MPower services. Users can engage with the platform by purchasing Halal-certified crypto assets or utilizing the Sahal Wallet for daily spending, which involves directly converting their digital currencies into fiat equivalents for various service providers. The company benefits from the issuance and governance of its utility token, the MRHB Token, which users employ across the ecosystem. Revenue streams include transaction fees from liquidity pools in the EMPLIFAI model and commissions from virtual prepaid card transactions, thus creating a diversified financial ecosystem. The company plans to launch several innovative features within the next year, designed to facilitate broader access to halal cryptocurrency solutions. Additionally, MRHB LTD is targeting expansion into new markets, specifically Southeast Asia and the Middle East, by the end of 2025 to broaden its geographic footprint and customer base.
Who invested in MRHB
2 investors across 2 rounds
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Questions about MRHB
Who invested in MRHB?
MRHB has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MRHB raised?
MRHB has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did MRHB last raise money?
MRHB's most recent round on record is a Seed, in Jul 2024.
What does MRHB do?
MRHB LTD is a Sydney, Australia-based company that focuses on providing halal-compliant financial products in the cryptocurrency market.
Where is MRHB headquartered?
MRHB is headquartered in Sydney, Australia.
Which VCs invest in companies like MRHB?
Among active investors with capital left to deploy, IAG Firemark Ventures, Blackbird, AirTree Ventures and Square Peg back financial services companies at MRHB's stage. Their profiles are linked below.
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