afundy

afundy

منصة تمويل اسلامي للمتاجر الالكترونية Revenue-based Islamic-fintech for online sellers

Founded 2021

Saudi Arabia 2 employees Financial Services, Fintech

afundy is a financial technology platform that enables eCommerce businesses to access non-dilutive financing to boost their working capital and add to their inventory. The platform offers a safe environment for eCommerce traders to purchase additional inventory using a procurement and vendor management tool. They fund eCommerce sellers by purchasing their inventories and appoint them to sell those inventories on their behalf. The platform connects with eCommerce financial accounts and monitors moving inventories with AI-supported technology by integrating with eCommerce platforms, allowing the Risk team of afundy to review and verify the submitted data by the eCommerce business. The business model is purely Islamic compliant, based on mixed instruments of Salam contract and Diminishing-partnership on the particular inventory (Musharaka financing). Funding can be accessed in simple steps: studying the working capital requirements, providing the business with the required capital, purchasing sellable-inventory at B2B pricing, and having the inventories sold by the eCommerce business at the market price with profit-sharing methodologies. While the platform helps eCommerce businesses to raise capital, it also allows afundy's investors to find safe and reliable funds to invest in. The platform has an advanced IT infrastructure to identify, measure, monitor, and control credit risk by analyzing and estimating the cash flows of the business to ensure its sustainability. Founded in 2021 and headquartered in , afundy presents an innovative approach to Islamic-fintech for online sellers, providing a unique market opportunity for potential investors in the Financial Services and Fintech industries.

FAQ About afundy

منصة تمويل اسلامي للمتاجر الالكترونية Revenue-based Islamic-fintech for online sellers

afundy was founded in 2021.

afundy is headquartered in Saudi Arabia.

afundy operates in Financial Services and Fintech. Its work centres on Islamic finance, E-commerce finance, Working capital funding solutions and Microfinance.

afundy has approximately 2 employees.

Top alternatives and competitors to afundy include Payability, Tradico AG, Supply@ME Capital plc, Setscale, FLOAT. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

afundy and Payability are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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