Ethis
Ethis is a Malaysia-based venture builder operating multiple Shariah-compliant fintech platforms—including equity crowdfunding, P2P financing, cross-border private capital, and venture capital—serving global impact investors, SMEs, and charitable donors across the MENASIA region.
- Company typePrivate
- Founded2014
- HeadquartersKuala Lumpur, Malaysia
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Ethis does
Ethis (legal name: Ethis Global Sdn. Bhd.) is a venture builder that creates and operates multiple Shariah-compliant fintech platforms connecting global investors with impact-focused SMEs, startups, and charitable causes across the MENASIA region. Founded in 2014 in Singapore and now headquartered in Puchong, Malaysia, the company operates six distinct platforms: Ethis Malaysia (the first Securities Commission Malaysia-licensed Shariah-compliant equity crowdfunding platform), Ethis Indonesia (OJK-registered P2P financing platform, currently transitioning), EthisX (cross-border ethical private capital marketplace licensed by Oman's Capital Market Authority), HASAN.VC (a Labuan-licensed people-powered venture capital fund with a virtual accelerator), GlobalSadaqah (a charity platform for sadaqah, zakat, and waqf donations including crypto), and Ethis Türkiye (a launching crowdfunding platform for the Turkish market). Across the portfolio, Ethis reports 53,000+ transactions, 530+ campaigns, and investor presence in 84+ countries. The underlying technology supports multi-currency settlement, Mudharabah profit-sharing contract structures, trustee-protected investor funds, and tiered KYC onboarding aligned with Securities Commission Malaysia classifications for retail, angel, and sophisticated investors.
Ethis generates revenue primarily through transaction-based platform fees: issuers pay up to RM3,500 in pre-campaign fees for screening and KYC, plus campaign success fees on funded raises, while registered referral partners earn a 0.5% commission on first transactions by referred parties. The go-to-market combines product-led self-serve platform registration with community-led growth via a global angel investor network and content marketing through an extensive blog and wiki educational library. Customer segments span retail and angel investors seeking halal investment access, SMEs and startups in emerging markets underserved by traditional banks, sophisticated and high-net-worth individuals with no investment limits, and charitable donors supporting verified NGOs.
The company's competitive position rests on multi-jurisdictional regulatory licenses, a pioneer brand in Islamic fintech since 2014, partnerships with the Islamic Development Bank and Gobi Partners (the latter anchoring a US$20 million Shariah-compliant seed fund announced June 2022), and an advisor bench with deep Islamic finance and development finance credentials. Funding history includes a 2015 angel seed of US$363,000 and subsequent rounds totaling approximately US$25 million by mid-2022.
Ethis firmographics
Firmographics- Name
- Ethis
- Legal name
- Ethis Global Sdn. Bhd.
- Website
- https://ethis.co
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ethis is a Malaysia-based venture builder operating multiple Shariah-compliant fintech platforms—including equity crowdfunding, P2P financing, cross-border private capital, and venture capital—serving global impact investors, SMEs, and charitable donors across the MENASIA region.
- Ownership category
- akta.pro rank
Ethis industry classification
Industry- Product category
- Islamic Crowdfunding Platforms
- NAICS
- Miscellaneous Intermediation (52391), Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)
- akta.pro secondary industries
- Philanthropy & Foundations Advisory (Donor-Advised Funds, Endowments) (FSAAABAH), SME / Growth Market Stock Exchanges (FSAFAAAC)
Keywords
Where Ethis is headquartered
LocationHeadquarters
- HQ city
- Kuala Lumpur
- HQ country
- Malaysia
- HQ region
- Asia
Offices5 records
Markets served
Ethis business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Others
Revenue model
- Issuer Platform Fees: Ethis charges issuers a pre-campaign fee of up to RM3,500 upon registration covering project screening, KYC, and due diligence. Campaign fees are charged for successful campaigns covering hosting, documentation, and processing.
- Referral Program Commission: Referral partners earn 0.5% commission based on the first transaction by referred parties. Commission is paid within 20 days after campaign is closed and fully funded.
- Investment Platform Services: Revenue generated from operating equity crowdfunding and P2P financing platforms connecting investors with SMEs and impact projects globally.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Retail Investor - Malaysia |
| Unit Pricing | Pay-as-you-go | Angel Investor - Malaysia |
| Unit Pricing | Pay-as-you-go | Sophisticated Investor - Malaysia |
| Transaction based/ take rate | Pay-as-you-go | Referral Partner Commission |
| Transaction based/ take rate | One time/ perpetual license | Issuer Pre-Campaign Fees |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels7 records
Ethis product offering
Product offeringCore offering
Ethis is a venture builder that creates and operates multiple Shariah-compliant fintech platforms enabling equity crowdfunding, P2P financing, venture capital investments, and Islamic charitable giving. The platforms connect SMEs and startups seeking capital with global investors seeking halal and ethical investment opportunities across Malaysia, Indonesia, Turkey, and Oman. Services include campaign hosting, KYC and due diligence, trustee-protected fund handling, and Shariah compliance certification through Adl Advisory.
Product overview
Ethis is a Venture Builder that creates and operates multiple Fintech platforms for Shariah-compliant and ethical investments. The portfolio consists of EthisX (global cross-border P2P and equity marketplace), HASAN.VC (angel-powered venture capital fund), GlobalSadaqah (Islamic charity and social finance platform), Ethis Malaysia (Shariah-compliant equity crowdfunding), Ethis Indonesia (P2P financing), and Ethis Türkiye (SME fundraising). The company operates across 84+ countries with 53,000+ transactions and 530+ campaigns launched, connecting global investors with impact-focused opportunities in MENASIA region.
Differentiator
Problem solved
Functional benefit
Brands
- HASAN.VC: People-powered venture capital fund for early-stage ethical and Halal startups in Asia and MENA; includes a virtual accelerator program twice yearly, powered by a global community of angel investors.
- EthisX
- GlobalSadaqah
- Ethis Türkiye
Products and services
- EthisX First-of-its-kind cross-border Ethical Private Capital Marketplace offering direct Shariah-compliant investments into SME companies and special purpose vehicle (SPV) projects from around the globe. Licensed by Capital Market Authority of Oman and targeted at international sophisticated investors.
- HASAN.VC
Quantifiable outcome
- 53,000+ transactions processed across platforms
- +3 more outcomes
Companies that use Ethis
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles4 records
Ethis technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Ethis partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered major and core.
- Islamic Development BankmajorCrowdfunding partnership announced with Islamic Development Bank for development of Islamic fintech ecosystem and support for crowdfunding initiatives in member countries.
- Trustee CompaniescoreRegulatory requirement partnerships with trustee companies to hold investor funds in trust accounts until campaigns close successfully. Funds are only disbursed to issuers upon successful campaign completion.
- Adl AdvisorycoreMalaysia-based global Shariah advisory entity providing shariah advisory, review, auditing and training services. Certified Muftis and AAOIFI Certified Shariah Advisors ensure all platforms maintain strict Shariah compliance.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Ethis competitors and assessment
Company assessmentDirect peers
- Funding Societies: Operates Modalku, the largest P2P lending platform in Southeast Asia, regulated across Malaysia, Indonesia, Singapore, Thailand, and Vietnam. Direct peer to Ethis Indonesia's P2P and Ethis Malaysia's ECF, serving SMEs and retail investors with a similar digital marketplace model.
- Wahed Invest: Global Shariah-compliant digital investment platform offering robo-advisory portfolios, ETFs, and halal investing to Muslim investors worldwide. Direct peer in the Islamic fintech retail investor space with overlapping target market of Muslim retail/HNW investors.
- Sarwa: UAE-based halal investing platform offering Shariah-screened portfolios, savings, and educational content to retail investors in MENA. Direct peer to Ethis for the Muslim retail investor segment with comparable advisory and portfolio offering.
- Republic: US-regulated equity crowdfunding and private investment platform with retail and accredited investors across multiple jurisdictions. Direct peer to EthisX and Ethis Malaysia as an online ECF marketplace connecting issuers with retail investors.
- Crowdcube: UK-based equity crowdfunding platform with FCA regulation, serving startups and growth companies raising capital from a large retail investor base. Direct peer to Ethis Malaysia in equity crowdfunding mechanics and tiered investor onboarding.
- Seedrs: European equity crowdfunding platform regulated by the FCA, offering primary raises and secondary trading to retail and sophisticated investors. Comparable in tiered investor access and ECF business model to Ethis Malaysia and EthisX.
- Yieldstreet: US alternative investments platform offering access to private market opportunities (real estate, marine, legal finance) to retail and accredited investors. Comparable to EthisX for alternative private capital exposure to non-public companies and SPVs.
Broad incumbents
- Kiva: Global non-profit P2P lending platform enabling crowdfunded microloans to underserved entrepreneurs in 70+ countries. Comparable peer to Ethis Indonesia's social housing and SME financing campaigns in financial inclusion impact model.
Others
- Islamic Relief Worldwide: Large international Muslim humanitarian NGO operating global zakat, sadaqah, and waqf programs with verified partner networks. Adjacent peer to GlobalSadaqah in Islamic social finance and verified NGO donation infrastructure.
Emerging players
- Zoya Finance: Shariah-compliant stock screening and portfolio analytics app used by Muslim retail investors to verify halal compliance of public market securities. Emerging player intersecting Ethis's retail investor audience through halal screening tooling for private/public portfolios.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights6 records
Customer concentration
Ethis social profiles
Digital presenceEthis compliance and trust
Trust signalCompliance4 records
Ethis financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ethis leadership team
Management profileNumber of profiles
Profiles10 records
Ethis subsidiaries and ownership
Company hierarchySubsidiaries6 records
Ethis funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ethis M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ethis
What does Ethis do?
Ethis is a venture builder that creates and operates multiple Shariah-compliant fintech platforms enabling equity crowdfunding, P2P financing, venture capital investments, and Islamic charitable giving. The platforms connect SMEs and startups seeking capital with global investors seeking halal and ethical investment opportunities across Malaysia, Indonesia, Turkey, and Oman. Services include campaign hosting, KYC and due diligence, trustee-protected fund handling, and Shariah compliance certification through Adl Advisory.
Is Ethis a public or private company?
Ethis is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ethis founded?
Ethis was founded in 2014. It employs 11 to 50 people.
Where is Ethis based?
Ethis is headquartered in Kuala Lumpur, Malaysia, in the Asia region.
How does Ethis make money?
Three revenue lines are on record. Issuer Platform Fees are the primary driver. The others are referral Program Commission and investment Platform Services.
Who are Ethis's main competitors?
Direct peers on record are Funding Societies, Wahed Invest, Sarwa, Republic, Crowdcube, Seedrs and Yieldstreet. Kiva is listed as a broad incumbent. Islamic Relief Worldwide is listed as an others. Zoya Finance is listed as an emerging player.
Does Ethis have an API?
No public API is recorded for Ethis.
What industry is Ethis in?
Ethis's product category is Islamic Crowdfunding Platforms. Its primary akta.pro industry code is FSABAGAH, Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam), with a secondary code of FSAAABAH, Philanthropy & Foundations Advisory (Donor-Advised Funds, Endowments). Its NAICS code is 52391 and its SIC code is 6211.