PayHalal
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
PayHalal - overview
Established
2017
Location
Kuala Lumpur, -, Malaysia
Primary Industry
Financial Services
About
Based in Malaysia, and founded in 2017, Souqa Fintech Sdn. Bhd. , doing business as PayHalal, operates as a FinTech company. The company was founded by CEO Pat Salam Thevarajah, CFO Muazir Mokhtar, and CTO Thomas Groppenberger.
In August 2022, Souqa Fintech Sdn. Bhd. raised USD 0. 67 million in venture funding from Crescent Capital.
PayHalal’s product line includes IBNPL, a buy-now-pay-later platform used for conducting financial transactions; Zakat, a payment gateway platform for money transfers between Muslim customers and Islamic companies; Sadaqah, a charity payment gateway platform; and HalaKart, which is an e-commerce platform that sells a variety of products including groceries, fashion, electronics, watches, and more. The company generates revenue by offering its services on a subscription-based pricing plan. The plans include basic, microSME (eCommerce), SME365, microSME (Offline), and association. The charges are RM 250 for the microSME (eCommerce), RM 1,800 for the SME365, RM 25 for the microSME (Offline), and RM 250 for the association.
Current Investors
Crescent Capital, Asad Capital
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.payhalal.com.my
Verticals
Cloud Computing, E-commerce, FinTech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
PayHalal - timeline of key events
PayHalal - financials
| Fiscal Year Ended | Apr 30, 2018 | Apr 30, 2019 | Oct 31, 2020 | Oct 31, 2021 | Oct 31, 2022 |
|---|---|---|---|---|---|
| Revenue (USD) | - | 4,756 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - |
| EBITDA (USD) | (75,251) | (548,331) | - | - | - |
| Operating Income (USD) | (105,981) | (598,221) | - | - | - |
| Operating Margin | - | (12578.2%) | - | - | - |
| % EBITDA Margin | - | (11529.2%) | - | - | - |
| NET Income (USD) | (105,981) | (598,221) | - | - | - |
| % Net Margin | - | (12578.2%) | - | - | - |
PayHalal - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.