MRHB DeFi Receives Strategic Investment from Sinofy Group to Expand Presence in Asia

Marhaba DeFi x Sinofy

Melbourne, Australia MRHB DeFi, the first ethical and inclusive DeFi platform in the world, announced today that they received a strategic investment from Sinofy Group, a Shanghai headquartered management consulting firm. Sinofy specializes in supporting disruptive tech companies aimed at gaining a greater presence in Southeast Asia and China — the most digitally connected regions in the world.

The investment aligns with MRHB DeFi’s mission to make decentralized finance more ethical and community focused. The partnership is also being taken a step further by Sinofy Co-Founder and angel investor Amirsan Roberto, who joined MRHB DeFi’s team as Head of Investments and Partnerships.

“Joining as Head of investments and Partnerships is a reflection of my commitment to and conviction in Marhaba’s vision”.

He also said that Sinofy’s investment was the first institutional investment toward establishing their group venture fund.

“Sinofy has been an active supporter of Marhaba from our early days,” said Naquib Mohammed , CEO of MRHB DeFi. “Sinofy’s regional expertise will certainly help Marhaba increase our exposure in Asia and other parts of the world. We are proud to welcome them as a partner.”

MRHB DeFi: Ethics and Inclusion

MRHB DeFi is a cryptocurrency investment company focused on ensuring their platform only offers tokens from companies dedicated to ethical business practices. Aimed at offering halal DeFi products to the USD 3 trillion Islamic Finance sector, MRHB DeFi employs a governance board to vet all products.

In addition to the Islamic Finance community, MRHB DeFi is also dedicated to helping other demographics who might be crypto-cautious or otherwise excluded from DeFi services. Many of the values MRHB DeFi’s halal investment platform upholds also align with the Sustainable Development Goals set forth by the United Nations.

Ethical business practices deemed halal and acceptable by the MRHB DeFi platform include those that avoid usury or social exploitation of all kinds, while at the same time upholding sustainability, transparency, utility or asset-backed financing and equitable risk-reward sharing. Needless to say, these are principles with universal appeal that need not be sequestered for faith-conscious communities alone.

MRHB DeFi recently sold out a second pre-IDO sale of their $MRHB token, which they made available for purchase to their entire community. The sales attracted high interest, validating the interest in the platform’s business model focused on inclusion and ethical investing.

MRHB DeFi has also brought on a number of other strategic investors in addition to Sinofy Group, including: MKD Capital, Contango Digital Assets, EMGS Group, Mozaic, Acreditus Partners, Blockchain Australia, NewTribe Capital, Sheesha Finance and a grant from Polygon Technology.

We_Challenge Hackathon Collaboration

The partnership will also include a collaboration in the upcoming Ukraine-based We_Challenge 2021 Hackathon, one of the most highly anticipated developer conventions in Europe. Organized by Sinofy’s Eastern Europe division, the hackathon will include 80 key partners — including global media, IT communities and strategic partners — as well as an impressive 1,500 participants.

MRHB DeFi will be there too, joining as an official sponsor of the convention. MRHB DeFi CTO Deniz Daikilic will give a keynote address and join a panel discussion together with MRHB DeFi Head of Investments & Partnerships Amirsan Roberto and CEO Naquib Mohammed.

In addition, together with Sinofy, MRHB will conduct an NFT artist contest within the DEV Challenge. The DevChallenge is the most significant international championship in Eastern Europe for developers and designers, gathering more than 20,000 participants since 2012. Artists will participate in creating digital arts for the first halal NFT marketplace in the world, following rules such as:

– No nudity (ideally no body art at all)

– No hate speech

– No racism

– Must be an original piece (Not rip-offs of existing NFTs)

All works will be minted on the MRHB marketplace SouqNFT after the launch in December 2021.

About MRHB DeFi

MRHB DeFi is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

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About Sinofy Group

Sinofy Group is an end-to-end tech consulting management firm headquartered in Shanghai, offering a range of services across blockchain, fintech, cybersecurity, robotics, medtech, gaming, AI/ML and AR/VR industries.

The company deals with customized solutions built to “Sinofy, Fund, and Empower” tech companies in the world`s most digitally connected region — China and Southeast Asia. To date, they have worked with innovative tech brands seeking to expand their digital reach and penetrate into new markets. Their vast global network brings a world-class blend of expertise and support.

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