Shokran - About the company
Shokran is an unfunded company based in Malaysia, founded in 2023. It operates as a Provider of Shariah compliant financial and digital payment facilitation services. Shokran has not raised any funding yet. The company has 1011 active competitors, including 82 funded and 46 that have exited. Its top competitors include companies like Mercury, Brex and Qonto.
Company Details
Provider of Shariah compliant financial and digital payment facilitation services. This platform enables small and medium enterprises to access business payment accounts, conduct international money transfers, and manage multi-currency transactions through licensed financial partners. The services include currency exchange, e-commerce payment acceptance, and software integration to facilitate financial operations. All offerings adhere to Islamic financial principles, ensuring that transactions remain free from interest and prohibited industry involvement. The business acts as a facilitator for secure, regulated payment solutions designed to support the financial requirements of growing enterprises.
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Shokran's funding and investors
Shokran has not raised any funding rounds yet.
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Shokran's Competitors and alternates
Top competitors of Shokran include Mercury, Brex and Qonto. Here is the list of Top 10 competitors of Shokran, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Mercury 2017, San Francisco (United States), Series D | Provider of a comprehensive online platform offering a range of financial services | $546M | 84/100 | |
2nd | Brex 2017, San Francisco (United States), Acquired | Provider of financial software platform, cards, banking, expense, and accounting | $1.2B | 83/100 | |
3rd | Provider of business account, payment cards, and financial management solutions | $717M | 83/100 | ||
4th | BlueVine 2013, Redwood City (United States), Acquired | Provider of business checking accounts, business loans, and business credit cards | $288M | 83/100 | |
5th | Digital bank for businesses | $200M | 78/100 | ||
6th |  OakNorth Bank 2015, London (United Kingdom), Series C | Provider of digital banking services for businesses and personal savers | $962M | 76/100 | |
7th |  Tide 2015, London (United Kingdom), Series C | Provider of digital financial management tools for small business owners | $181M | 75/100 | |
8th |  Allica Bank 2019, London (United Kingdom), Series D | Provider of banking services for established businesses and professional firms | $503M | 75/100 | |
9th | Grasshopper Bank 2016, New York City (United States), Acquired | Provider of online internet first business bank | $219M | 75/100 | |
10th | Internet first bank | $349M | 74/100 | ||
970th | Provider of Shariah compliant financial and digital payment facilitation services | - | - | 16/100 |
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Shokran's Investments and acquisitions
Shokran has made no investments or acquisitions yet.
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