Alami, Blossom Finance, financial services, Fintech, Funding Societies Malaysia, Hijra, Indonesia, islam, malaysia, PayHalal, Southeast Asia, Startups, Tech Industry, Venture
Muslims come into the frame in Southeast Asia’s fintech boom
Founded in 2014, Blossom Finance was first intended for Muslim entrepreneurs in the United States. The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. But founder Matthew Joseph Martin soon realized that the startup, backed by investors like Boost VC and Tim Draper, was serving a relatively niche market in…
