Takadao

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.

Key Info

  • 2022 Founded2022 Founded
  • Riyadh, Riyadh, SAURiyadh, Riyadh, SAU
  • 31 Employees31 Employees
  • LinkedIn•••••••••
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Activity Timeline

Team

Investments

Round
Amount Raised
Date
Investors
Pre-seed
Raised $1,600,000
Oct 19, 2023

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