The funding coincides with the launch of The LifeCard, Takadao’s prepaid VISA card that enables members to spend stablecoins like cash anywhere VISA is accepted. More than a payments tool, LifeCard is integrated into the wider LifeDAO ecosystem, which includes life protection, non-custodial investment pools, DeFi wallets, and a financial literacy hub, all governed collectively by its community.

For HASAN.VC, Takadao represents the emerging class of “camel startups”: resilient, mission-driven ventures building long-term, values-aligned economic infrastructure.

“Takadao is reshaping what ethical fintech can look like in the Web3 era,” said Umar Munshi, General Partner at HASAN.VC. “Their model aligns perfectly with our commitment to empower founders who build with integrity, transparency, and impact. Supporting Takadao means supporting a future where communities own their financial tools.”

Mohd Akhtaar, General Partner and Principal of Accelerator at HASAN.VC, added:

“What excites us about Takadao is its practical vision: connecting Web3 innovation with real everyday use. The LifeCard creates a direct bridge between digital assets and daily life, something millions of users across Southeast Asia and the global Muslim community are eager for.”

Takadao’s expansion spans two of the world’s fastest-growing ethical finance markets: the GCC and Southeast Asia. HASAN.VC’s investment reinforces a powerful narrative: Muslim founders are building globally, and values-driven capital can accelerate their journey.

“Partnering with HASAN.VC gives us a direct link to Southeast Asia,” shared Morrad Irsane, CEO and co-founder of Takadao. “Their community, track record, and values-driven approach make them an ideal partner as we scale The LifeDAO and LifeCard to millions of users.”

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With its latest funding round totaling US$3.1 million, Takadao has strengthened its position as a pioneer in community-based alternative financial solutions and a global leader in ethical fintech innovation.

The funding coincides with the launch of LifeCard, a prepaid VISA card that enables users to spend stablecoins like cash across the global VISA merchant network. The product is not merely a payment instrument, but also a gateway to the LifeDAO ecosystem, which offers high-level security, non-custodial services, and community-driven support for ethical financial transactions.

HASAN.VC views Takadao as a representative of the new generation of camel startups- companies built for resilience and long-term, values-driven missions.

“Takadao is redefining what ethical fintech looks like in the Web3 era,” said Umar Munshi, General Partner at HASAN.VC.

According to him, Takadao’s model fully aligns with HASAN.VC’s focus on supporting founders who prioritize integrity, transparency, and positive impact.

“Investing in Takadao means supporting a future where communities own and control their financial tools,” Umar said.

Mohd Akhtaar, General Partner and Principal Accelerator at HASAN.VC, added that what excites them most is Takadao’s practical vision – bridging Web3 innovation with real-world daily use.

“LifeCard creates a direct bridge between digital assets and everyday activities – something highly relevant for millions of users in Southeast Asia and the global Muslim community,” he said.

Takadao’s expansion targets two of the fastest-growing regions in ethical finance: the GCC and Southeast Asia.

According to HASAN.VC, this support strengthens a new narrative that Muslim founders are capable of building globally scaled companies with meaningful impact through community-based approaches.

“Partnering with HASAN.VC gives us direct access to Southeast Asia,” said Morrad Irsane, CEO and co-founder of Takadao.

“Their community, their track record, and their values-driven approach make them the ideal partner as we expand LifeDAO and LifeCard to millions of users worldwide,” he said.

HASAN.VC is a venture fund focused on founders and on building a better future through investments in high-resilience, impact-driven camel startups.

Through its funding programs, acceleration initiatives, and global network, HASAN.VC aims to democratize ethical investment by channeling capital to more than 40 technology startups across Southeast Asia and beyond. The fund is registered in Labuan and operates an accelerator office in Singapore.

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Kuala Lumpur, November 2025 – HASAN.VC, Southeast Asia’s ethics-driven venture capital fund, has joined a globally diverse group of investors backing Takadao, the Riyadh and Singapore-based Web3 platform pioneering community-owned financial alternatives. With this round, Takadao has raised US$3.1 million in total funding, reinforcing its position as a global leader in ethical, community-governed fintech.

The funding coincides with the launch of The LifeCard, Takadao’s prepaid VISA card that enables members to spend stablecoins like cash anywhere VISA is accepted. More than a payments tool, LifeCard is woven into the wider LifeDAO ecosystem, which includes life protection, non-custodial investment pools, DeFi wallets, and a financial literacy hub – all governed collectively by its community.

A New Chapter for Ethical, Community-Driven Digital Finance

For HASAN.VC, Takadao represents the emerging class of “camel startups”; resilient, mission-driven ventures building long-term, values-aligned economic infrastructure.

“Takadao is reshaping what ethical fintech can look like in the Web3 era,” said Umar Munshi, General Partner at HASAN.VC. “Their model aligns perfectly with our commitment to empower founders who build with integrity, transparency, and impact. Supporting Takadao means supporting a future where communities own their financial tools.”

Mohd Akhtaar, General Partner and Principal of Accelerator at HASAN.VC, added:

“What excites us about Takadao is its practical vision: connecting Web3 innovation with real everyday use. The LifeCard creates a direct bridge between digital assets and daily life – something millions of users across Southeast Asia and the global Muslim community are eager for.”

Cross-Regional Synergy: MENA ↔ Southeast Asia

Takadao’s expansion spans two of the world’s fastest-growing ethical finance markets – the GCC and Southeast Asia. HASAN.VC’s investment reinforces a powerful narrative: Muslim founders are building globally, and values-driven capital can accelerate their journey.“Partnering with HASAN.VC gives us a direct link to Southeast Asia,” shared Morrad Irsane, CEO and co-founder of Takadao. “Their community, track record, and values-driven approach make them an ideal partner as we scale The LifeDAO and LifeCard to millions of users.”

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The latest round drew participation from HASAN.VC (Malaysia), Syla Invest (France), Wahed Ventures (UK), Ice Blue Fund (Japan), Istari Ventures (US), and Adaverse (Saudi Arabia), with follow-on funding from Draper Associates of Silicon Valley. The round targeted investors aligned with Takadao’s community-first and Shariah-compliant mission.

“We wanted to raise from partners who understand our vision of building a community-owned, ethical financial ecosystem,” said Morrad Irsane, co-founder and CEO of Takadao. “Hasan VC, Wahed Ventures, and others give us access to Southeast Asian, European, and Anglo markets where our community is already growing.”

For HASAN.VC, Takadao represents the emerging class of “camel startups”; resilient, mission-driven ventures building long-term, values-aligned economic infrastructure.

“Takadao is reshaping what ethical fintech can look like in the Web3 era,” said Umar Munshi, General Partner at HASAN.VC. “Their model aligns perfectly with our commitment to empower founders who build with integrity, transparency, and impact. Supporting Takadao means supporting a future where communities own their financial tools.”

Takadao’s underlying protocol powers The LifeDAO, a self-described Community-Owned Nobank that gives members decentralized tools for saving, investing, and financial protection. Members own and control their deposits directly, not Takadao, with operational surplus redistributed back into the community. The LifeDAO currently holds around US$1 million in total value locked (TVL) across affiliated funds.

The LifeCard, unveiled alongside the funding announcement, is the newest addition to this ecosystem. It allows users to spend stablecoins like cash anywhere VISA is accepted, offering a critical real-world use case for crypto users.

“The LifeCard creates a tangible bridge between Web3 assets and daily life,” said Sharene Lee, co-founder and COO. “Members can now use their life protection payouts, pooled investment returns, or even community rewards in stablecoins for everyday expenses.”

Designed with financial inclusivity and community ownership at its core, the LifeCard introduces several distinctive features: profit-sharing from card fees, automatic round-ups for savings and investing, and a 0% interest microloan model based on usage history.

“Profit sharing and interest-free financing aren’t just features—they’re reflections of our community values,” Irsane added. “Our aim is to make wealth creation and protection both halal and accessible.”

With this dual announcement, Takadao strengthens its position within the growing Islamic fintech and decentralized finance sectors, where ethical investing, transparency, and user ownership are redefining the future of finance.

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The funding coincides with the launch of The LifeCard, Takadao’s prepaid Visa card that allows members to spend stablecoins like cash anywhere Visa is accepted. More than a payments tool, LifeCard is woven into the wider LifeDAO ecosystem, which includes life protection, non-custodial investment pools, DeFi wallets, and a financial literacy hub—all collectively governed by its community.

For HASAN.VC, Takadao represents the emerging class of “camel startups”: resilient, mission-driven ventures building long-term, values-aligned economic infrastructure.

“Takadao is reshaping what ethical fintech can look like in the Web3 era,” said Umar Munshi, general partner at HASAN.VC.

“Their model aligns perfectly with our commitment to empower founders who build with integrity, transparency, and impact. Supporting Takadao means supporting a future where communities own their financial tools,” added Mohd Akhtaar, general partner and Principal of Accelerator at HASAN.VC.

“What excites us about Takadao is its practical vision: connecting Web3 innovation with real everyday use. The LifeCard creates a direct bridge between digital assets and daily life—something millions of users across Southeast Asia and the global Muslim community are eager for,” he said.

Takadao’s expansion spans two of the world’s fastest-growing ethical finance markets—the GCC and Southeast Asia. HASAN.VC’s investment reinforces a powerful narrative: Muslim founders are building globally, and values-driven capital can accelerate their journey.

“Partnering with HASAN.VC gives us a direct link to Southeast Asia. Their community, track record, and values-driven approach make them an ideal partner as we scale The LifeDAO and LifeCard to millions of users,” said Morrad Irsane, CEO and co-founder of Takadao.

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The announcement comes as Takadao rolls out The LifeCard, a prepaid VISA card that allows users to spend stablecoins like cash anywhere VISA is accepted. The new card forms a core part of the LifeDAO ecosystem, which also includes community-governed life protection, non-custodial investment pools, DeFi wallet solutions, and a financial literacy hub—all operated under a decentralised, community-driven model.

HASAN.VC said its investment reflects confidence in what it calls the next generation of “camel startups”: resilient, mission-oriented companies building long-term economic infrastructure grounded in trust and values.

“Takadao is reshaping what ethical fintech can look like in the Web3 era,” said Umar Munshi, General Partner at HASAN.VC. “Their model aligns perfectly with our commitment to empower founders who build with integrity, transparency, and impact. Supporting Takadao means supporting a future where communities own their financial tools.”

Fellow General Partner and Principal of Accelerator Mohd Akhtaar highlighted the platform’s ability to turn Web3 innovation into real-world utility.

“The LifeCard creates a direct bridge between digital assets and daily life—something millions of users across Southeast Asia and the global Muslim community are eager for,” he said.

Takadao’s presence continues to expand across the GCC and Southeast Asia—two of the world’s most rapidly growing markets for ethical and Shariah-aligned financial services. HASAN.VC’s investment underscores what both organisations describe as a rising global narrative: Muslim founders building borderless, values-driven technology with worldwide applicability.

“Partnering with HASAN.VC gives us a direct link to Southeast Asia,” said Morrad Irsane, CEO and co-founder of Takadao. “Their community, track record, and values-driven approach make them an ideal partner as we scale the LifeDAO and LifeCard to millions of users.”

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Held at the Khazanah Auditorium, Asia School of Business, the event brought together nearly 50 startups representing 12 countries – including Singapore, Malaysia, Indonesia, India, Bangladesh, the United Kingdom, the United States, Australia, Egypt, Saudi Arabia, and the UAE – making it HASAN.VC’s most diverse and dynamic showcase to date.

Throughout the day, investors, founders, and ecosystem leaders engaged in high-energy startup pitches, thought-provoking panels, and meaningful networking sessions – underscoring HASAN.VC’s growing influence in advancing halal and ethical innovation across Southeast Asia and beyond.

Since launching its Accelerator Program, HASAN.VC has supported over 120 startups, with 20+ ventures directly funded and a founder community now spanning nearly 200 entrepreneurs. This milestone reflects the fund’s mission to bridge ethical capital and high-potential founders shaping the next wave of purpose-driven innovation.

“What we’re seeing is the rise of a new generation of founders who are building with purpose, solving real-world challenges with integrity and innovation,” said Mohd Akhtaar, General Partner and Head of Accelerator at HASAN.VC. “Our founders are redefining what it means to build with impact, and we’re proud to be part of that journey.”

The event also marked the official launch of HASAN.VC Fund Round 3, unlocking new opportunities for investors to back promising startups across halal and ethical sectors. The fund deepens HASAN.VC’s commitment to combining financial performance with meaningful social and ethical impact.

“The momentum we’re seeing across halal and ethical tech is only the beginning. As we launch our fund’s third round, we’re opening the door to even greater collaboration and impact,” said Umar Munshi, Managing Partner at HASAN.VC. “Our focus remains clear – to identify scalable halal and ethical ventures, accelerate their growth, and deliver meaningful returns for investors who believe in values-driven entrepreneurship.”

The Showcase gathered a vibrant mix of angel investors, venture capitalists, institutional partners, and corporate leaders, all united by a shared belief: that ethical business can drive both profit and purpose. Conversations throughout the day extended beyond financial returns – toward vision, values, and meaningful change.

The success of Cohort 003 reaffirms HASAN.VC’s belief that entrepreneurship can be both impactful and ethical. With Fund Round 3 now open, the firm continues to expand its support for founders across the halal and ethical economy, providing them with capital, mentorship, and community to help them scale responsibly.

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Held at the Khazanah Auditorium, Asia School of Business, Kuala Lumpur, Malaysia, the event featured nearly 50 startups from 11 countries, including Indonesia, Malaysia, Singapore, India, Bangladesh, the United Kingdom, the United States, Australia, Egypt, Saudi Arabia, and the United Arab Emirates.

The event stood out as HASAN.VC’s most diverse showcase to date, further cementing its position as a global catalyst in advancing halal and ethical innovation. It featured a dynamic lineup of startup pitches, panel discussions, and networking sessions that connected investors, founders, and ecosystem leaders from across the global halal tech landscape.

HASAN.VC reaffirmed its commitment to bridging values-based capital with high-potential startups that are building solutions with social and economic impact.

“What we’re seeing is the rise of a new generation of founders who are building with purpose, solving real-world challenges with integrity and innovation,” said Mohd Akhtaar, General Partner and Head of Accelerator at HASAN.VC. “Our founders are redefining what it means to build with impact, and we’re proud to be part of that journey.”

The event also marked the official launch of HASAN.VC Fund Round 3, opening opportunities for global investors to support startups in the halal and ethical sectors. This new funding round reinforces HASAN.VC’s commitment to combining financial returns with meaningful social impact.

“The momentum we’re seeing across halal and ethical tech is only the beginning. As we launch our fund’s third round, we’re opening the door to even greater collaboration and impact,” said Umar Munshi, Managing Partner at HASAN.VC. “Our focus remains clear – to identify scalable halal and ethical ventures, accelerate their growth, and deliver meaningful returns for investors who believe in values-driven entrepreneurship.”

The event brought together angel investors, venture capitalists, and corporate leaders who share a common vision: that ethical business can generate both profit and social value. Throughout the day, discussions emphasized not only financial gains but also vision, values, and social responsibility in shaping a values-driven economic future.

Since launching its accelerator program, HASAN.VC has supported over 120 startups across multiple countries. More than 20 of these have received direct funding, and the founder community now numbers nearly 200.

The success of Cohort 003 stands as tangible proof that entrepreneurship can grow sustainably while remaining ethical. With the opening of Fund Round 3, HASAN.VC is expanding its support through funding, mentorship, and a global community network to strengthen the growth of halal and ethical startups across Asia and beyond.

HASAN.VC is a founder-centric venture fund with a mission to build a better future by investing in “Camel” startups – esilient, impactful, and sustainable ventures.

Backed by a cross-continental investor network, HASAN.VC strives to democratize venture investing and strengthen halal and ethical businesses across Southeast Asia and the world.

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Held at the Khazanah Auditorium, Asia School of Business, the event brought together nearly 50 startups representing 12 countries – including Singapore, Malaysia, Indonesia, India, Bangladesh, the United Kingdom, the United States, Australia, Egypt, Saudi Arabia, and the UAE – making it HASAN.VC’s most diverse and dynamic showcase to date.

Throughout the day, investors, founders, and ecosystem leaders engaged in high-energy startup pitches, thought-provoking panels, and meaningful networking sessions – underscoring HASAN.VC’s growing influence in advancing halal and ethical innovation across Southeast Asia and beyond.

Since launching its Accelerator Program, HASAN.VC has supported over 120 startups, with 20+ ventures directly funded and a founder community now spanning nearly 200 entrepreneurs. This milestone reflects the fund’s mission to bridge ethical capital and high-potential founders shaping the next wave of purpose-driven innovation.

“What we’re seeing is the rise of a new generation of founders who are building with purpose, solving real-world challenges with integrity and innovation,” said Mohd Akhtaar, General Partner and Head of Accelerator at HASAN.VC. “Our founders are redefining what it means to build with impact, and we’re proud to be part of that journey.”

The event also marked the official launch of HASAN.VC Fund Round 3, unlocking new opportunities for investors to back promising startups across halal and ethical sectors. The fund deepens HASAN.VC’s commitment to combining financial performance with meaningful social and ethical impact.

“The momentum we’re seeing across halal and ethical tech is only the beginning. As we launch our fund’s third round, we’re opening the door to even greater collaboration and impact,” said Umar Munshi, Managing Partner at HASAN.VC. “Our focus remains clear – to identify scalable halal and ethical ventures, accelerate their growth, and deliver meaningful returns for investors who believe in values-driven entrepreneurship.”

The Showcase gathered a vibrant mix of angel investors, venture capitalists, institutional partners, and corporate leaders, all united by a shared belief: that ethical business can drive both profit and purpose. Conversations throughout the day extended beyond financial returns – toward vision, values, and meaningful change.

The success of Cohort 003 reaffirms HASAN.VC’s belief that entrepreneurship can be both impactful and ethical. With Fund Round 3 now open, the firm continues to expand its support for founders across the halal and ethical economy, providing them with capital, mentorship, and community to help them scale responsibly.

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The full-day event, held at the Khazanah Auditorium at the Asia School of Business, brought together nearly 50 startups from 12 countries, including Singapore, Malaysia, Indonesia, India, Bangladesh, the United Kingdom, the United States, Australia, Egypt, Saudi Arabia, and the UAE. It was the most diverse and international showcase the firm has hosted to date, pointing to the widening reach of values-driven entrepreneurship.

Investors, founders, and ecosystem leaders spent the day in back-to-back startup pitches, panel conversations, and networking sessions. The atmosphere reflected the growing traction of halal and ethical innovation in Southeast Asia and beyond, where purpose-built tech is now competing for capital and scale.

Since launching its accelerator, HASAN.VC has supported more than 120 startups and directly funded over 20 of them. Its founder network has grown to almost 200 entrepreneurs who are collectively building in sectors aligned with ethical and Shariah-compliant principles. The firm backs what it calls “Camel startups,” ventures that are built for resilience and long-term impact rather than fast burn and short runway.

“What we’re seeing is the rise of a new generation of founders who are building with purpose, solving real-world challenges with integrity and innovation,” said Mohd Akhtaar, General Partner and Head of Accelerator at HASAN.VC. “Our founders are redefining what it means to build with impact, and we’re proud to be part of that journey.”

The Showcase also marked the official launch of Fund Round 3, which will give investors new opportunities to support startups working at the intersection of profitability and ethical purpose. The firm is funded by a global group of angel backers across several continents and operates through a VC fund registered in Labuan along with an accelerator entity in Singapore.

“The momentum we’re seeing across halal and ethical tech is only the beginning. As we launch our fund’s third round, we’re opening the door to even greater collaboration and impact,” said Managing Partner Umar Munshi. “Our focus remains clear: to identify scalable halal and ethical ventures, accelerate their growth, and deliver meaningful returns for investors who believe in values-driven entrepreneurship.”

The event drew a cross-section of angel investors, venture capitalists, institutional partners, and corporate leaders who share a common belief that profit and purpose can coexist. Conversations throughout the day reflected a shift in focus from short-term returns to long-term vision, values, and meaningful change.

With Fund Round 3 now open, the firm is expanding its work to provide founders with capital, mentorship, and community support as they scale responsibly across the halal and ethical economy.

For more information on HASAN.VC, its accelerator program, or investment opportunities, visit www.hasan.vc.

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