Takadao
TAKADAO empowers community-based financial systems as alternatives to centralized banks and insurance companies. Takadao has two products, Takaturn and Takasure. Takaturn.io is a community-based savings and loan program that is based on the age-old concept of money circles. Takasure is a shariah-compliant insurance alternative organized as a DAO on the blockchain. Based on the takaful model, participants pool funds together to mutually protect one another. Funds are invested for… TAKADAO empowers community-based financial systems as alternatives to centralized banks and insurance companies. Takadao has two products, Takaturn and Takasure. Takaturn.io is a community-based savings and loan program that is based on the age-old concept of money circles. Takasure is a shariah-compliant insurance alternative organized as a DAO on the blockchain. Based on the takaful model, participants pool funds together to mutually protect one another. Funds are invested for a return and used to pay claims; and surpluses are redistributed among participants. http://takadao.io There has never been a time in history where we had the tools we have today to reimagine a more just financial system. Decentralized blockchains and cryptocurrencies are the building blocks of the future.
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Key Info
- 2022 Founded
- Riyadh, Riyadh, SAU
- 31 Employees
- •••••••••
Credibility
LinkedIn Verified
News
There are no recent news for this organization.
Activity Timeline
Oct 19, 2023
Team
Investments
Round | Amount Raised | Date | Investors |
---|---|---|---|
Pre-seed | Raised $1,600,000 | Oct 19, 2023 |