August 15, 2022

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Maydan Capital closes first fundraising deal for Fairnance

Might 6, 2022, London UK – Maydan Capital Ltd. (‘Maydan’) right this moment introduced the...

Might 6, 2022, London UKMaydan Capital Ltd. (‘Maydan’) right this moment introduced the profitable closing of a seed spherical for Netherlands-based home-financing platform, Fairnance. With the mission to supply ethically-focused tech startups with visibility and entry to funding, Fairnance’s fundraise marks the primary accomplished deal for the UK fairness funding platform. 

Primarily based on the idea of disintermediation in home-financing, Fairnance is making an attempt to construct another home-financing answer that serves individuals within the Netherlands who’re being excluded from residence possession for non-financial causes. 

Fairnance co-founder Amir Saleem stated: “We couldn’t be extra grateful for the assist of traders who’re becoming a member of Fairnance on its early journey and hope to reward that investor religion as we work in the direction of our launch”. His co-founder, Adriaan Brouwer, added: “Past fundraising, we’re delighted to have labored with a platform that shares our values and imaginative and prescient.We hope to proceed our relationship with Maydan Capital in the long term.”

Maydan Capital CEO, Safdar Alam stated “We’re more than happy to shut our first funding, with the deal being absolutely dedicated simply hours after the launch. Fairnance’s mission aligns with our ethos of constructive social impression, on this case, for these excluded from conventional mortgages, and we’re proud to assist them on their journey.” 

In addition to originating its personal natural deal movement by its platform, Maydan will likely be working with chosen companions to open up alternatives beforehand reserved for the Enterprise Capital and institutional markets. The announcement comes shortly after a signed partnership between Maydan Capital and Wa’ed Ventures, the VC arm of the Saudi Aramco Entrepreneurship Centre, to assist Saudi-based startups. Maydan has additionally partnered with different worldwide organisations, such because the UK Pakistan Chamber of Commerce and Business (UKPCCI), which connects enterprise circles within the UK and Pakistan to advertise commerce and funding between the 2 areas. 

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Safdar added, “We consider it is vital for all traders to have entry to alternatives to develop their wealth in a significant method that directs capital to companies which can be aligned to their values. We are going to proceed to carry extra moral offers like this one to the market.”

Study extra about Maydan and its upcoming fundraising alternatives at maydancapital.com.

About Maydan Capital

Maydan Capital is an equity-focused personal placement platform for early-stage and development firms. Maydan connects retail, accredited and complex traders on to vetted fairness choices in rising digital companies, offering every a direct line to development.  Fairness investments are usually not readily realisable and contain dangers, together with lack of capital, illiquidity, lack of dividends and dilution, and it ought to be performed solely as a part of a diversified portfolio. Investments of this kind are just for traders who perceive these dangers. You’ll solely be capable of put money into the corporate after getting met our circumstances for changing into a registered member.

Maydan Capital Ltd. is registered in England and Wales (Firm No. 13451691), registered workplace: fifth flooring East Lansdowne Home 57, Berkeley Sq., Mayfair, London, W1J 6ER, UK. Maydan Capital Ltd (FRN: 963613) is an appointed consultant of Wahed Make investments Ltd (FRN: 833225), an authorised and controlled agency by the Monetary Conduct Authority.

maydancapital.com

About Fairnance

Fairnance is a Netherlands-based home-financing platform that strives to make homeownership accessible to those that are at present excluded. With an equity-based financing product that shares dangers equally between home-owner and investor, Fairnance affords an acceptable answer to a various technology already burdened by a big debt. Fairnance is working in the direction of equity in finance. 100% debt-free.

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