Funding
Pre-seed · Fintech

Wafr announces pre-seed backing and launches WafrChain

Coen Jonker and Neal Cross backed the UAE company’s Islamic finance infrastructure.

By RoundOS Funding desk

Wafr has announced a pre-seed funding round backed by individual investors Coen Jonker and Neal Cross. The UAE fintech did not disclose the amount or financing terms.

The announcement accompanies the launch of WafrChain, a permissioned blockchain for sukuk issuance, distribution, settlement and profit payments. The platform records Shariah approvals on-chain and supports settlement in fiat currencies or stablecoins. Wafr plans to build further institutional and consumer services around that infrastructure.

Use of funds

Development of an Islamic financial platform and WafrChain

Funding history

Pre-seed · This roundUndisclosed

Sources

  1. UAE's Wafr attracts angel investment to digitise sukuk issuance and settlementwamda.com · Nov 10, 2026
  2. WafrChain sukuk tokenisation platformwafrchain.com

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