News By Tag
News By Location
World's First Halal DeFi Ecosystem MRHB DeFi Receives Strategic Investment from NewTribe Capital
This marks the seventh institutional investment in the DeFi ecosystem startup, following strategic investments from DeFi Mutual Fund Sheesha Finance, Dubai-based angel innovation investors Acreditus Partners and EMGS Group, the French Systems Integration company operating in the Middle East since 2003, to name a few.
NewTribe Capital: A Bold Investment Approach
With an ideology to 'Invest in People', NewTribe Capital takes a bold stance in their approach to investing - they back only the projects they feel add value to the blockchain ecosystem.
"Our philosophy is successful because we invest in relationships, not deals," says Dhaval Parikh, Partner at NewTribe Capital. "Deals are simply transactions. We build exceptional relationships with companies that last, collaborating on projects with conviction."
Investing in the first ethical, inclusive and faith-based MRHB DeFi ecosystem platform aligns with NewTribe's company ethos and strategic goals. As an early investor and supporter, NewTribe recognizes both the vision and the long-term market potential of the faith-based DeFi pioneer.
Besides investment funds, which will support the continuing technology development and growth of MRHB DeFi, NewTribe Capital will also offer network and cross marketing support for the DeFi startup.
"We're excited about collaborating with the highly successful NewTribe Capital team who share our long term visions for ethical DeFi. This relationship creates additional opportunities and industry connections that will drive more value for our community members. NewTribe has a proven track record of helping their partners succeed, and we are delighted to welcome them amongst other strategic stakeholders in our ambitious journey," says Naquib Mohammed, MRHB DeFi Founder & CEO.
"This strategic alliance with NewTribe Capital is the latest institutional move by MRHB DeFi as we work to establish ourselves as the dominant player in the ethical decentralized finance space," adds Mohammed.
DeFi made accessible to Ethical and Faith-based Communities
MRHB DeFi's vision of an inclusive and halal crypto-verse is underpinned by Islamic ethical finance principles but is suitable for all those looking for a socially conscious blockchain that avoids interest, usury, exploitation and other business practices deemed unethical.
Being Shariah-compliant means MRHB DeFi can apply a vast body of knowledge and literature of Islamic Finance to ensure higher ethical and moral standards that are typically seen in the DeFi space.
read full article: https://www.prpocket.com/