Takadao has secured new funding to push its Web3 financial ecosystem to the next stage. The Saudi and Singapore based startup focuses on decentralized, community owned financial tools. Its latest round will support the launch of LifeCard, a prepaid Visa card that allows users to spend stablecoins as easily as cash. This marks an important milestone for the company as it works to bridge digital finance with real world spending.
Strong seed round from global investors
Takadao raised 1.5 million dollars in a seed round backed by regional and international investors. The round included Hasan VC, Syla Invest, Wahed Ventures, Ice Blue Fund, Istari Ventures and Adverse. Draper Associates also joined with follow on funding. This new raise brings the company’s total funding to 3.1 million dollars.
Founded in 2022 by Morrad Irsane and Sharene Lee, Takadao builds Web3 based financial alternatives. Its goal is to create a bankless ecosystem where users hold full control over their funds. The platform operates as a fintech protocol that powers The LifeDAO, a community owned nobank.
Building a Sharia compliant Web3 finance ecosystem
Takadao focuses on offering Sharia compliant and decentralized financial tools. It aims to give users direct ownership and transparent control. Through The LifeDAO, members gain access to a set of services that support savings, investment and protection.
Members can access:
- DeFi wallets
- A life protection fund
- Non custodial investment pools
- A financial literacy and education hub
- Networking channels within the community
All funds stay controlled by the users, not by the platform. Any surplus from operations returns to the community. This creates a circular value model built on user ownership and participation.
LifeCard brings stablecoin spending to daily use
The latest addition to The LifeDAO ecosystem is LifeCard. It is a Visa powered prepaid card that lets users spend stablecoins in real world transactions. This tool brings Takadao’s vision closer to everyday financial activity.
The card gives users the ability to:
- Spend stablecoins like cash
- Earn profits through community shared returns
- Save automatically through round up features
- Access zero percent interest microloans based on card activity
Sharene Lee, co founder and COO, says LifeCard creates a real link between Web3 and daily finance. She explains that members earn life protection payouts and investment returns in stablecoins. With LifeCard, they can now use these funds directly in real life transactions.
A new model for community driven finance
Takadao wants to redefine financial access through community governance and transparent protocols. The LifeDAO distributes profits from card fees to members. It also supports new habits of saving and investing through simple card usage. The company sees LifeCard as a major step in building a complete, user controlled financial system.
With strong investor support and a fast growing product ecosystem, Takadao is shaping a new model for decentralized and compliant digital finance.
Meta Description: Takadao raises 1.5 million dollars to expand its Sharia compliant Web3 ecosystem and launch LifeCard, a Visa prepaid card for stablecoin spending.
Tagline: LifeCard brings simple, direct and user owned digital finance to everyday spending across the Takadao ecosystem.