Musaffa

Musaffa

Early Stage

Halal Stock and ETF Screener app

Halal Stock and ETF Screener app

Overview

Raised to Date: Raised: $53,300

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

03/19/2024

Close Date

03/17/2025

Min. Goal
$10,000
Max. Goal
$4,845,000
Min. Investment

$515

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

336

% of Min. Goal

533%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,974

# of Investors

43

Momentum
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Year Founded

2024

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Location

Dover, Delaware

Musaffa is raising funds on Dealmaker Securities. The company has developed an exclusive platform to give access to halal investments globally. Musaffa is an Islamic fintech platform and is used by 362,000 users from 182 countries. The business has partnered with ten B2B partners to establish a global halal investment environment and has been featured in The Halal Times, Islam Chanel, and Islamic Finance News. Dilshod Jumaniyazov, Akram Jagirdar, and Rashid Turaev founded Musaffa in April 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $4.8 million. The campaign proceeds will be used for operations, product and software development, business development, sales and marketing, licensing, compliance, and key strategic hires.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$21,395

$495

COGS

$88,337

$19,912

Tax

$0

$0

 

 

Net Income

$-291,932

$-80,477

Summary Balance Sheet

FY 2023 FY 2022

Cash

$83,095

$1,094

Accounts Receivable

$2,109

$0

Total Assets

$237,779

$47,339

Short-Term Debt

$35,693

$16,237

Long-Term Debt

$35,224

$0

Total Liabilities

$70,917

$16,237

Financials as of: 03/19/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Musaffa 03/17/2025 Dealmaker Securities - $53,300 Equity - Common Active RegCF
Musaffa 02/15/2024 Wefunder $29,425,484 $150,719 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Add to portfolio
Musaffa on Dealmaker Securities 2024
Platform: Dealmaker Securities
Security Type: Equity - Common
Price per Share: $1.00

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Follow Musaffa on Dealmaker Securities 2024

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