Takadao, the Web3 platform pioneering bankless, community-owned financial alternatives, has closed a US$1.5 million seed round, bringing its total funding to US$3.1 million. The round attracted a globally diverse group of investors aligned with Takadao’s mission and its shariah-compliant financial ecosystem.
Participants included Hasan VC (Malaysia), Syla Invest (France), Wahed Ventures (UK), Ice Blue Fund (Japan), Istari Ventures (US), and Adverse (Saudi Arabia), alongside follow-on funding from Draper Associates in Silicon Valley.
Introducing the LifeCard: A VISA-Powered Bridge Between Web3 and Everyday Finance
Alongside the funding, Takadao unveiled The LifeCard, a prepaid VISA card that allows users to spend stablecoins just like cash anywhere VISA is accepted. The card operates under The LifeDAO, a community-owned Nobank built on the Takadao protocol.
This marks a significant step in connecting decentralized finance with real-world daily transactions — enabling users to turn on-chain earnings and holdings into instant spending power.
A Seed Round Designed for Mission-Aligned Investors
Takadao intentionally structured the round to bring in investors operating in shariah-compliant and globally expanding markets.
“We targeted investors in markets where we already have strong traction,” said Morrad Irsane, CEO of Takadao.
“Hasan VC has deep Islamic fintech roots in Southeast Asia. Syla Invest is growing rapidly in the Francophone Muslim community. Wahed Ventures is well recognised in the UK and US. Each partner brings strategic relevance.”
A Community-Owned Nobank Powered by the Takadao Protocol
The Takadao protocol underpins The LifeDAO, giving members access to:
- A DeFi wallet
- A life protection fund
- Non-custodial investment pools
- A members’ hub for financial education
Deposited funds remain fully user-owned, and operational surpluses are redistributed back to members. The LifeDAO currently holds US$1 million TVL across its affiliated funds.
The LifeCard: Designed for Real Utility
The newly launched LifeCard brings multiple layers of value to users, including:
- Profit redistribution from card fees
- Automatic round-up savings for micro-investing
- 0% interest microloans based on historical top-ups
“Members receive payouts, returns, referral earnings, and revenue share in stablecoins — and can now spend them like cash using the LifeCard,” said Sharene Lee, co-founder & COO.
“It’s a tangible connection between Web3 and everyday life.”
Irsane added:
“Profit sharing is core to The LifeDAO. Round-ups enable halal wealth-building. And the 0% microloan reflects our mission to support members when they need it most.”
Takadao’s latest developments signal a major step forward for the Islamic DeFi landscape — merging Web3 technology with values-driven, community-owned financial tools designed for real-world impact.
