# PayHalal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/payhalal

- Industry: Financial Services
- Headquarters: Kuala Lumpur, Malaysia
- Website: www.payhalal.com.my
- Total disclosed funding: $1.2M
- Latest round: Seed (Jan 19, 2023)
- Investors on record: 1

## About

Based in Malaysia, and founded in 2017, Souqa Fintech Sdn. Bhd., doing business as PayHalal, operates as a FinTech company. The company was founded by CEO Pat Salam Thevarajah, CFO Muazir Mokhtar, and CTO Thomas Groppenberger. In August 2022, Souqa Fintech Sdn. Bhd. raised USD 0.67 million in venture funding from Crescent Capital. PayHalal’s product line includes IBNPL, a buy-now-pay-later platform used for conducting financial transactions; Zakat, a payment gateway platform for money transfers between Muslim customers and Islamic companies; Sadaqah, a charity payment gateway platform; and HalaKart, which is an e-commerce platform that sells a variety of products including groceries, fashion, electronics, watches, and more. The company generates revenue by offering its services on a subscription-based pricing plan. The plans include basic, microSME (eCommerce), SME365, microSME (Offline), and association. The charges are RM 250 for the microSME (eCommerce), RM 1,800 for the SME365, RM 25 for the microSME (Offline), and RM 250 for the association.

## Funding rounds

- Seed, Jan 19, 2023, $1.2M — Crescent Capital

## Investors

- Crescent Capital (https://capitalatlas.ai/funds/crescent-capital) — Seed