Singapore’s tryb backs Indonesia’s Alami in landmark SEA sharia fintech deal

Singapore-based fintech investor tryb has become the first Southeast Asia-based venture capital (VC) firm to invest in the region’s sharia fintech industry by backing a pre-seed round for Indonesian startup Alami.

The deal, which was sealed earlier this year, marks only the second VC funding raised by a sharia fintech startup in Southeast Asia. Last year, Malaysia’s Ethis Ventures had bagged funding from Swiss VC firm Mountain Partners.

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