Fundraising Fox

Melltoo

500 Global

4 known investors

Melltoo operates a blockchain-based platform for halal takaful, a cooperative insurance model structured to comply with Islamic finance principles. The service is aimed at Muslim users internationally who want coverage that is transparent and aligned with their religious requirements, offered as an alternative to conventional insurance products.

Crypto & Web3FintechInsurTech

Founders & leadership

MI
Morad Irsane
SL
Sharene Lee

Investors · 4

500 GlobalSan Francisco · $150K
RAED VenturesRiyadh · $400K – $33M
Shorooq PartnersAbu Dhabi · $750K – $33M
Khwarizmi VenturesreportedRiyadh · $1M – $37M

In the news

Saudi's Khwarizmi Ventures partially exits Bosta at around 3xfwdstart.me · Aug 2026Melltoo, a UAE-based online marketplace for used items closes Pre-Series A, expands to Saudi - MENAbytesmenabytes.com · Sep 2019UAE Startup Melltoo Closes Pre-Series A Round With 500 Startups, Shorooq Investments, And Other Investorsmena.entrepreneur.com · Jan 2019Melltoo: Mobile marketplace with a causesme10x.com · Dec 2017Couple launches app that can make friends while you shop | Khaleej Timeskhaleejtimes.com · Jul 2014Melltoo expands to Saudi with new funding | MAGNiTTmagnitt.com

Frequently asked questions

What does Melltoo do?
Melltoo operates a blockchain-based platform for halal takaful, a cooperative insurance model structured to comply with Islamic finance principles. The service is aimed at Muslim users internationally who want coverage that is transparent and aligned with their religious requirements, offered as an alternative to conventional insurance products.
Who are Melltoo's investors?
Melltoo's investors include 500 Global, RAED Ventures, Shorooq Partners, Khwarizmi Ventures.