Rizq
“Can a fully sharia-compliant digital bank build a viable UK challenger neobank around ethical finance?”
Founded2020
HQLondon, United Kingdom
Total raised~$3.9M
Latest roundSeed, 2021
IndustryFintech / Neobank
The story
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.
Last 12 months
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Product timeline
2020
Rizq Financial Technologies Ltd founded in London as first fully digital sharia-compliant, ethical financial institution in the UK.· pivot
The stack
0 layers disclosed in Rizq’s embedded-finance stack
Accounting gap: none