Muslim dating app Muzmatch raises £1.5m seed funding to expand internationally
Tipped as one of Startups' best business ideas of 2018, the funding round is further proof of the growing demand for Muslim-focused consumer services
Muzmatch, a dating app for Muslims, has raised £1.5m worth of seed funding in a round supported by Hambro Perks, Y Combinator, and FJ Labs.
Tipped as one of Startups’ best business ideas of 2018, the funding round is further proof of the growing demand for Muslim-focused consumer products and services – with the “halal economy” set to reach $3.7 trillion by 2019.
Launched in 2015 by co-founders Shahzad Younas and Ryan Brodie, the duo were focused on creating an app that could help modern Muslims find love, while still allowing them to adhere to their religious values.
An issue overlooked by more mainstream dating apps such as Tinder or Bumble, in the Islamic dating sphere, special emphasis is often placed on family and religion.
As a result, the app affords users complete privacy and anonymity, as well as chaperone support – a common feature of the Muslim lifestyle.
Used by over 350,000 single Muslims to meet “Halal, free and fun”, Muzmatch will use the fresh funds to expand internationally.
Shahzad Younas, CEO and founder of Muzmatch, said:
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“With Muzmatch our goal is to be the biggest app for Muslims worldwide looking for a partner. That is potentially some 400 million people. This brings its own challenges as we navigate the diverse Muslim demographic with many differences in culture, language and religious sensibilities.
“We’ve already made huge headway, and with this sizable seed round we have the means to focus on building on our game-changing product for what is a very underserved market.
“In addition to the global investors we have secured, we are delighted to have a leading UK investor such as Hambro Perks on board. They loved our vision, our product and the strong foundations we had already built.
“They will be an invaluable asset as we look to scale Muzmatch globally and fulfill our ambition of being one of the standout British Tech success stories.”