Working with banks and mobile network operators, the firm has been used by more than nine million people across Africa to save or borrow, with nearly 70% of these being micro and small business owners.
The funding round follows a seed funding round of £2.5m, which was completed in 2017, and almost a year of integration with GoCompare’s services.
The agreement makes TD the first Canadian bank to offer clients the ability to independently create financial plans and investment portfolios, all seamlessly integrated via an online brokerage account.
When its engineers flip a switch in coming days, more than 47 million people who already use the company's banking app or website will gain access to the new service, called You Invest.
Mohammed Ibrahim Morshed, Head of UK at Wahed Invest, said: “Our mission is to make Halal investing an accessible and affordable means of long-term saving for the millions of UK Muslims who currently feel excluded from mainstream financial services.
To comply with GDPR, smartnumbers ensures that while business calls are recorded, personal calls remain private.
Alvin Lee, head of community financial services at Maybank Singapore explained that the launch of Maybank TREATS SG Lifestyle app aligns with the Bank’s digital strategy to create “seamless and real-time communications” with customers.