Ethis

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.

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

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

• Islamic equity crowdfunding
• Peer-to-peer financing
• Impact investment platforms
• Halal venture capital
• Islamic social finance

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Others

Revenue model

1. 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.
2. 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.
3. Investment Platform Services: Revenue generated from operating equity crowdfunding and P2P financing platforms connecting investors with SMEs and impact projects globally.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core 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

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered major and core.

• Islamic Development BankmajorStrategic or Co-development Partner · 1 April 2018Crowdfunding partnership announced with Islamic Development Bank for development of Islamic fintech ecosystem and support for crowdfunding initiatives in member countries.
• Trustee CompaniescoreOthersRegulatory 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 AdvisorycoreStrategic or Co-development PartnerMalaysia-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

Direct 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

• Xx.com/ethiscrowd
• YouTubeyoutube.com/channel/UCl8b21oNBcaXp3VE-T38trQ
• Facebookfacebook.com/EthisGlobal
• LinkedInlinkedin.com/company/ethiscrowd
• Instagraminstagram.com/ethis.co

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries6 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ethis