Takadao, a Web3 platform that offers bank-free financial services through a community-owned system, has closed its US$1.5 million seed round. Investors included Hasan VC (Malaysia), Syla Invest (France), Wahed Ventures (UK), Ice Blue Fund (Japan), Istari Ventures (US), and Adverse (Saudi Arabia).
The round also received follow-on funding from Draper Associates in Silicon Valley. With this new investment, Takadao’s total funding has reached US$3.1 million.
Along with the new funding, Takadao launched The LifeCard, a prepaid VISA card that lets users spend stablecoins like regular cash anywhere VISA is accepted.
The LifeCard is part of The LifeDAO, a community-owned “Nobank” that runs on the Takadao protocol.
Takadao structured its seed round to bring in investors who support its mission and who are active in shariah-compliant and globally diverse markets.
“Hasan VC is led by Umar Munshi, a pioneer in Islamic fintech with deep roots in Southeast Asia. Syla Invest has been making waves among the Francophone Muslim community. Wahed Ventures is a recognised name in the UK and US. We targeted investors in markets where we already have strong traction,” said Morrad Irsane, CEO of Takadao.
The Takadao protocol supports The LifeDAO, giving members access to a DeFi wallet, a life protection fund, non-custodial investment pools, and a members’ hub for financial education. All funds deposited stay fully owned by users, and any extra earnings are shared back with members.
The LifeDAO currently has US$1 million in total value locked across its different funds.
“Members receive life protection payouts, investment returns, referral earnings, and revenue share in stablecoins—and can now spend them like cash using the LifeCard. It’s a tangible connection between the Web3 world and real life,” said Sharene Lee, co-founder and COO.
“We designed the product around maximum value for our members,” added Irsane. “Profit sharing is core to The LifeDAO. Round-ups support halal wealth-building. And the 0% microloan reflects our mission to support members when they need it most.”
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