IT Park Ventures has participated in a $4 million equity ASA investment round for UK-based Islamic fintech startup Ayan Capital, contributing $1 million. The round also included international investors from the United Kingdom and Switzerland. The funds raised will be used to further scale the company, enhance its technological capabilities, and expand its team, especially Ayan’s engineering team based in Uzbekistan.
Ayan is a UK-based Islamic fintech startup founded by serial entrepreneurs Abdullo Kurbanov, Firdavs Mirzoev, and Zuhursho Rahmatulloev, who previously built Alif, one of the largest fintech companies in Central Asia.
Headquartered in London, Ayan Capital is developing a digital ecosystem of Islamic financial services in the United Kingdom. The company currently provides fully digital halal vehicle financing for individuals, entrepreneurs, and businesses through its proprietary automated scoring and underwriting technologies. Ayan Capital is also expanding its product portfolio with innovative financial solutions, including the Ayan Pay payment platform, debit cards, islamic saving accounts and point-of-sale financing services. The company is licensed by the UK’s Financial Conduct Authority (FCA), demonstrating compliance with the standards of one of the world’s most advanced financial markets.
IT Park Ventures’ investment will support the further development of Ayan Capital’s technology ecosystem, including the creation of proprietary AI-powered solutions for credit scoring and the automation of vehicle financing processes, as well as the expansion of its development team in Uzbekistan.
Ayan Capital’s strategic objective is to evolve from a specialized Islamic fintech company into a fully-fledged digital neobank in the United Kingdom. The company has already announced plans to obtain a banking license and build one of the largest Islamic financial ecosystems in the Western markets.
For IT Park Ventures, this investment aligns with its strategy of supporting high-growth technology startups with global potential and strong expertise in fintech, artificial intelligence, and digital financial services. The fund places particular emphasis on companies that successfully operate in international markets while simultaneously building their technology and product teams in Uzbekistan, contributing to the growth of the country’s innovation ecosystem and the creation of highly skilled jobs.
“We invest first and foremost in teams capable of transforming entire industries. The founders of Ayan Capital have already demonstrated this by building one of the largest fintech companies in Central Asia. Today, they are creating a next-generation digital bank in the United Kingdom, and we are pleased to become part of this growth story. Supporting startups that build global businesses while developing strong teams in Uzbekistan is one of IT Park Ventures’ key priorities. We are confident that the combination of a strong team, advanced technologies, and an ambitious vision will enable Ayan Capital to establish a significant position in the UK market,” said Dalerkhon Nodirov, Director of IT Park Ventures.
The investment in Ayan Capital strengthens IT Park Ventures’ international portfolio and reaffirms the fund’s commitment to supporting innovative technology companies that create solutions for global markets while contributing to the development of Uzbekistan’s technology ecosystem.
