FinTech of the Day

Takadao – Platform for bond investors

Dmitry Prostov

28 Nov 2025 — 1 min read

A Sharia‑compliant "nobank" owned by its members.

Web3 startup Takadao closed a $1.5M seed round with HASAN.VC, Syla Invest, Wahed Ventures, IceBlue Fund, ISTARI Ventures, and Draper Associates, bringing total funding to $3.1M.

Takadao's LifeDAO pools member contributions into a mutual life protection fund. Surpluses are distributed back to the community, and everything is governed by smart contracts.

The upcoming LifeCard (a prepaid Visa) lets members spend stablecoins like cash, auto‑save earnings, earn profits, and access 0% microloans, all compliant with Islamic finance principles.

Revenue comes from transaction fees and staking yields, while the moat is a loyal member community and regulatory adherence.

Co‑founders Morrad Irsane and Sharene Lee (husband and wife) previously built e‑commerce ventures across MENA and saw first‑hand the need for ethical financial tools.

The seed round will fund LifeCard's launch, security audits, and community education.

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#fintechoftheday #DeFi #IslamicFinance #Web3

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