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Kestrl logo — The Muslim Money App

Kestrl

The Muslim Money App

Founded 2020 United Kingdom London, United Kingdom 40 employees Seed Total: $170.00K Finance, Financial Services +3

General Information

Company Name Kestrl
Founded Year 2020
Location United Kingdom London, United Kingdom +2
Employees 40
Industries Finance, Financial Services, Fintech +2
Funding Stage Seed
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About Kestrl

Kestrl, founded in 2020, is firmly establishing itself in the Fintech landscape with its innovative approach tailored to religious financial practices. Known as "The Muslim Money App," Kestrl offers solutions that enable Muslims to manage and grow their wealth without violating Islamic principles.

Situated at the intersection of Finance, Financial Services, and Payments, the company operates from its headquarters in the United Kingdom. It provides a consumer app alongside a software service designed for banks, facilitating ethical and compliant financial management.

Recently, Kestrl secured a $1.00M Seed Round investment from Wahed Ventures on 01 September 2023, reflecting investor confidence in its scalable business model. As it continues to expand, the traction and potential market reach posit Kestrl as a compelling opportunity for investors interested in diversified, ethical, and high-growth sectors.

Taxonomy: Islamic fintech, Sharia-compliant finance, Personal finance management, Digital banking, SaaS for banks, Budgeting app, Impact investment, Ethical banking, Wealth management, Financial technology, Muslim consumer app, Islamic banking, Financial services, Savings app, Investment app

Services & Products

Values-aligned financial services
Interest purification
Zakat calculation
Sub-account creation for goal setting
Biometric security access
Fraud detection and prevention

Target Customers

Ethically-conscious individuals People seeking interest-free banking solutions Muslim community and Islamic finance consumers Individuals focused on sustainable and ethical spending

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Seed •••••• 1 •••• •••• 01 Dec 2020

Kestrl Alternatives & Competitors

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Kestrl vs
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FAQ About Kestrl

The Muslim Money App
Kestrl was founded in 2020.
Kestrl is headquartered in London, United Kingdom.
Kestrl operates in the following industries: Finance, Financial Services, Fintech, Payments, Banking.
Kestrl has approximately 40 employees.
Kestrl has completed 1 funding round, raising a total of $170.00K. The latest funding stage is Seed.
Kestrl offers: Values-aligned financial services, Interest purification, Zakat calculation, Sub-account creation for goal setting, Biometric security access, Fraud detection and prevention.
Top alternatives and competitors to Kestrl include IMAN (500 Global w22), Mashreq al-Arabi Bank, IBS Bank, BIBD Bank Islam Brunei Darussalam, alrajhi bank Malaysia. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Kestrl and IMAN (500 Global w22) 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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