26 May 2021: Fatfish is about to enter the multi-trillion dollar Islamic financing market with iHarap
The launching of Islamic financing platform, iHarap, will give the company access to the trillion-dollar Islamic financing market, and solidifies its BNPL offering in Southeast Asia.
Tech venture firm FatFish Group (ASX:FFG) has made a leap forward in its fintech business in Southeast Asia, announcing that it is about to enter the fast-growing Islamic financing market.
The company says it will develop a technology platform called iHarap, which will undertake digital Islamic financing business that caters to the Muslim consumers in Malaysia.
iHarap will become a wholly-owned subsidiary of Fatfish, and its rollout will complement Fatfish’s ambitious BNPL plans in the region.
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