A global delegation of Islamic Fintech start-ups met with potential investors at the IFN Islamic Fintech Pitch Day held at the Securities Commission Malaysia on 19 February 2020. The event, organised by Islamic Finance News and hosted by Capital Markets Malaysia, provided a platform for angel investors, family offices and venture capital firms to meaningfully engage with and potentially invest into Fintech start-ups from Asia, the Middle East and the UK.
Recognising that there is a clear chasm between the growing number of entrepreneurs, start-ups and Fintech firms making waves in the Islamic space; and the interested investors, institutions and stakeholders keen to explore these opportunities, Islamic Finance News, established the Pitch Day to bridge this gap and to support Islamic Fintech players.
According to the IFN Fintech Landscape, an on-going global initiative by Islamic Finance news to identify and map out Fintech firms offering Shariah compliant solutions, the number of Islamic Fintech companies across all verticals currently stands at 139, with a significant 40% originating from Asia. The event comprised a series of one-to-one private pitch meetings between investors and Fintech companies, followed by a general pitch session to a wider group of investors.