“Can a fully sharia-compliant digital bank build a viable UK challenger neobank around ethical finance?”
Rizq was founded in 2020 in London as a sharia-compliant, ethical digital bank offering retail and business accounts, debit cards, payments, and charity donations via a mobile app. The company raised roughly $3.9M across pre-seed and seed rounds in 2020-2021 but the entity's public status is listed as closed and workforce has declined (14 employees, -22% YoY), suggesting the business has scaled down or wound down operations.
Rizq is founded in 2020 and headquartered in London, United Kingdom.
Rizq has raised ~$3.9M in total (latest round: Seed, 2021).
Get a read on where your own stack stands against Rizq and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.