Qardus operates a Sharia-compliant financing marketplace for social-impact SMEs and investors, facilitating ethical, interest-free financing. The platform reports over £2.3 million in SME financing and more than £600k in repayments to date, with a growing investor base averaging £8.2k per investor. Qardus monetises via arrangement fees charged to SMEs (historically 5%, recently 6%) and ongoing investor servicing fees (historically 3%, recently 3.5%), amounting to ~14% of deal value over a 36-month tenor. The firm plans future revenue from Financing-as-a-Service (FaaS) licensing of its technology and aims to become an Islamic SME challenger bank, subject to regulatory permissions. Qardus was incorporated in August 2019 and is based in London, UK.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2023