Saudi Fintech Takadao Raises $1.5M Seed Funding for Global Expansion

Saudi Arabia-based fintech startup Takadao has announced the close of a $1.5 million seed round, backed by investors including Hasan VC, Syla Invest, Wahed Ventures, Ice Blue Fund, Istari Ventures and Adverse. With this injection, the firm’s total funding reaches $3.1 million.

Founded in 2022 by co-founders Sharene Lee and Morrad Irsane, Takadao provides a blockchain-based, sharia-compliant financial services platform. The company offers savings and loans, cooperative life insurance and a prepaid Visa card named LifeCard, through its community-owned ecosystem known as The LifeDAO.

“Members receive life protection payouts, investment returns, referral earnings, and revenue share in stablecoins—and can now spend them like cash using the LifeCard. It’s a tangible connection between the Web3 world and real life,” said Sharene Lee, co-founder and Coo of Takadao.

The startup’s model emphasises non-custodial wallet ownership, profit sharing, halal-compliant financial products and community ownership structures.

The funds from the seed round will support Takadao’s expansion in markets where it already has traction—specifically Southeast Asia, France, the UK and the US. The LifeDAO currently holds approximately $1 million in total value locked (TVL) across its investment and protection protocols.