Aghaz Investments, an automated investment management platform, has secured a $400K Pre-Seed funding round from angel investors.
• Aghaz Investments' mission is to enable customers to invest without compromise and in a manner that aligns with their values.
• Aghaz believes that we all have values that reflect who we are, we have beliefs that we live our lives by and causes that we support. We all have goals in life that are special to us and that we wish to save for. Aghaz is a customizable and automated software, optimized for your goals, aligned with your values.
• The funding will be used to scale Aghaz’ marketing efforts for launch and to recruit key leaders over the next 12 months. Shortly after their September 2020 US launch, they will expand into the MENA region followed by Southeast Asia and Europe.
Discover more than 1700 Technology startups on MAGNiTT
Read the full press release below.
Aghaz Investments has recently completed a Pre-Seed angel investment round in the amount of $400K. This amount will be used to scale Aghaz’ marketing efforts for launch and to recruit key leaders over the next 12 months.
Many Muslims in the US struggle with identifying investment opportunities that align with their faith. For many, compromising their beliefs and values when it comes to their finances is not an option. Many such customers find themselves at a disadvantage, compared to their peers that have multiple optimal solutions available to invest for their goals. Such customers end up saving money in their checking accounts at zero interest, or buying gold, or investing in real estate, all of which have several disadvantages when it comes to optimally investing and saving for their financial goals.
Aghaz enables Muslims and values-based customers to save for their financial goals optimally and according to their beliefs. Aghaz is an automated investment management platform with a mission to enable customers to invest without compromise and in a manner that aligns with their values.
The word Aghaz in Urdu (آغاز) means “The Beginning”. Every long journey begins with a single step -- an آغاز (Beginning). Their passion and our mission is to contribute towards the growth of Ethical and Islamic Finance, first in the US and then globally. Aghaz are beginning with automated investment solutions for Muslims, with more solutions coming soon. Hence Aghaz آغاز. For many customers, this is a beginning - to take control of their finances, to invest and grow their savings, to reach their financial goals, and do so in a manner consistent with their beliefs and values. Hence Aghaz آغاز.
Aghaz believes that we all have values that reflect who we are, we have beliefs that we live our lives by and causes that we support. We all have goals in life that are special to us and that we wish to save for. Aghaz is a fully customizable and automated software, optimized for your goals, aligned with your values.
Aghaz’ Founder and CEO is Khurram Agha, who holds a Wharton MBA and 17 years of experience in various leadership roles in software development at Microsoft Corporation. Other members of the core team include Hassan Agha, who has 12 years of experience in tech startups and is responsible for Pakistan operations. He runs the software development team in Lahore, Pakistan that is developing the core technology, including iOS and Android apps, web assets, and back-end tools. Khadija Khartit is Aghaz’ chief compliance officer, with many years of experience in Fintech and investment management in the Middle East. Steven Little runs Aghaz’ marketing team and is leading go to market planning and brand awareness campaigns. Khurram, Khadija, and Steven are based in the US.
Aghaz will launch in the US in September 2020. This will be a limited launch restricted to our existing waiting lists. Shortly after the US launch, we will expand into the MENA region followed by Southeast Asia and Europe.
Are you a startup looking for investment? Apply for funding to 85+ investors now.