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Ayan Capital Secures Shariah-Compliant Financing Facility of up to £25 Million from Partners for Growth

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New funding will be used to boost growth, scale tech-led underwriting, and expand UK access to halal finance, targeting £25m in 2025 and £100m by 2026.

LONDON, April 2, 2025 /PRNewswire/ — Ayan Capital, a fast-growing provider of halal vehicle financing, has secured up to £25 million in Shariah-compliant financing facility from institutional debt provider Partners for Growth (PFG), a global private credit firm with a strong 20-year track record of backing high-growth technology and fintech companies in more than 20 countries. This investment reflects the rising demand for Islamic financial products in the UK and reinforces Ayan Capital’s position as a key player in the sector.

Ayan Capital provides halal business car financing, serving private hire (Uber, Bolt, etc.) and business drivers seeking halal alternatives to purchase low-carbon emission cars. Operating in the £21.7 billion UK used car finance market – still dominated by non-tech players under regulatory scrutiny – Ayan offers a tech-led, commission-free model that puts customers first, financing them directly regardless of where they buy their car. Expanding beyond vehicle financing, the company recently launched Ayan Pay, a 0% interest, 12-month financing covering home repairs, renovations, car repairs and furniture purchases.

Ayan Capital more than doubled its financing issuance last quarter, growing 2.2x while maintaining a 0% non-performing loan rate – demonstrating the strength of its underwriting technologies and expertise. This latest funding follows Ayan Capital’s recent £3.4 million Pre-Series A round.

With this new £25 million funding, which is based on Ijara wa Iqtina principles, Ayan Capital aims to accelerate growth, enhance its technology-driven underwriting capabilities, targeting £25 million in financing this year and £100 million in 2026, broadening access to halal financial products across the UK and laying the groundwork for a long-term vision that includes a UK banking license application.

Ayan Capital is building on the success of Alif Bank, also co-founded by Abdullo Kurbanov and based in Central Asia, whose digital transactions grew by 30x over three and a half years, serving over four million customers. Now, Ayan aims to become a UK leader in Islamic banking, leveraging the country’s strong regulatory environment.

Ayan is addressing the gap in UK Islamic finance. Despite the UK’s Muslim population set to reach 10m by 2050, according to some estimates, Islamic banking remains severely underserved, with only 0.1% of total banking assets – even though 82% of UK Muslims seeking Shariah-compliant products. However, momentum is building – Islamic bank assets in the UK surged 26% in 2023 to $8.2 billion, with Fitch Ratings projecting growth to $15 billion in the medium term.

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Armineh Baghoomian, Co-Head of Fintech at Partners for Growth, stated: “Ayan Capital is redefining what Islamic finance can look like in a modern, tech-enabled ecosystem. Their strong traction, disciplined underwriting, and commitment to financial inclusion closely align with PFG’s mission to support founders building next-generation financial infrastructure. We’re proud to support Ayan as they scale access to Shariah-compliant products across the UK and beyond.”

Richard Osborne, Investment Manager at PFG stated: “We are excited to support Ayan’s mission to expand access to Shariah-compliant financing throughout the UK. The team’s experience, strong underwriting expertise and technology-first approach align well with PFG’s global strategy of backing great founders building high-growth, innovative financial services businesses. We’ve been particularly impressed by Ayan’s growth trajectory and ability to achieve key milestones at a rapid pace. We look forward to seeing Ayan’s continued success and impact on the market.”

Abdullo Kurbanov, Co-founder and CEO of Ayan Capital stated: “We are grateful for the trust and support of the PFG team. Our mission is to make halal financing more accessible in every way – cost, technology, and customer experience. Choosing a halal option should not mean paying more. While we are still at the beginning of our journey, we are wholeheartedly committed to building a financial system that is open to all – one that is not only halal but also more competitive, convenient, and innovative than conventional alternatives.”

Furkat Suvhanov, COO of Ayan Capital, stated: “We’re growing rapidly while maintaining exceptional portfolio quality and customer service. Our partnership with PFG reflects the strength of our model and supports our long-term capital strategy. Building on this momentum, with PFG’s support, we’re now beginning work on our next £75–100 million Shariah-compliant debt raise.”

About Ayan Capital

Ayan Capital is a halal, technology-driven financial services provider committed to making Islamic finance accessible to millions across the UK and beyond. Founded by Abdullo Kurbanov, Firdavs Mirzoev, and Zuhursho Rahmatulloev, the company is laying the groundwork for the long-term vision of a banking license application in the UK.

About Partners for Growth

Partners for Growth (PFG) is a global private credit firm specializing in custom debt solutions for high-growth companies. For over twenty years, PFG has provided growth debt financing to tech, fintech, healthcare, and tech-enabled companies to accelerate their path to profitability or finance specific assets at pivotal stages of growth. Since inception, PFG has partnered with more than 250 companies across 20 countries.

TMT Global Advisers provided financial advice to Ayan Capital on this transaction. TMT Global Advisers is an independent mid-market advisory firm specializing in M&A and fundraising for tech, telecom, and media clients worldwide.

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How to Become a Utility Trailer Dealer

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JINING, China, April 29, 2025 /PRNewswire/ — Becoming a utility trailer dealer offers a rewarding opportunity for entrepreneurs looking to serve local businesses and build steady income. Drawing from years of real-world experience, James Ge, founder of Rhinotrail, shares the essential steps for launching a successful dealership.

Understand Industry and Local Demand

Starting with a clear understanding of the trailer industry is critical. Entrepreneurs are encouraged to study the needs of local customers, from landscapers and contractors to farmers and municipalities. Regional trends and seasonal demands can shape inventory planning and sales strategies.

Handle Licensing, Insurance, and Compliance

Legal setup must be a priority. Dealers need to register their business, obtain appropriate dealer licenses, and secure insurance coverage. Requirements vary by state and county, making early research with local DMV or DOT offices essential. Proper compliance protects the business and builds trust with customers from the start.

Build Strong Manufacturer Partnerships

Establishing partnerships with trusted manufacturers gives dealers access to reliable inventory and competitive pricing. Visiting production facilities, reviewing warranty policies, and understanding minimum order expectations help future dealers select manufacturers who support their long-term success.

Choose a Strategic Sales Location

A dealership’s location should offer high visibility, easy accessibility, and appropriate zoning for trailer sales. Entrepreneurs are encouraged to start lean by renting space if necessary, focusing on clear organization and professional presentation of inventory to attract buyers.

Manage Inventory Smartly and Focus on Marketing

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Starting with popular trailer types, such as utility, dump, and enclosed models, allows new dealers to meet common customer needs without overextending capital. Marketing efforts should include a mobile-friendly website, listings on platforms like Facebook Marketplace and Craigslist, and local partnerships to build brand visibility.

Deliver Exceptional Customer Service and Financing Options

Strong customer service creates loyalty and word-of-mouth growth. Dealers who offer clear advice, transparent pricing, and after-sale support quickly differentiate themselves. Offering financing options through local banks or finance companies helps expand the customer base by making larger purchases more accessible.

James Ge and Rhinotrail believe that becoming a utility trailer dealer is a practical and achievable business move for entrepreneurs ready to take action.

Entrepreneurs ready to build their own dealership can contact Rhinotrail today to explore reliable trailer solutions and expert support.

For more information, contact:

Rhinotrail

Website: rhinotrail.com

Email: rhinotrailbusiness@gmail.com

Phone: +65 97708910

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LG Energy Solution Establishes Battery Recycling Joint Venture with Derichebourg

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  • Companies to build pre-processing facility in northern France to extract ‘black mass.’
  • Construction to begin in 2026; operations to commence in 2027
  • LG Energy Solution marks a critical first step toward a closed-loop system in Europe to strengthen value chain competitiveness.

SEOUL, South Korea, April 28, 2025 /PRNewswire/ — LG Energy Solution has announced plans to establish a joint venture with Derichebourg, the French leader in metal waste recycling, to build a state-of-the-art battery recycling plant.

Construction will begin in 2026 in Bruyères-sur-Oise, located in the Val-d’Oise region of northern France, with operations scheduled to commence in 2027.

The new plant will specialize in pre-processing, such as discharging, dismantling and shredding battery scrap—waste generated during battery production—as well as the collection of end-of-life EV batteries.

Marking LG Energy Solution’s first battery recycling joint venture in Europe, this state-of-the-art facility will have a processing capacity of over 20,000 tons per year at its full operation.

The black mass extracted at the pre-processing facility will undergo further post-processing to recover key battery raw materials such as lithium, nickel, and cobalt, which will then be used in LG Energy Solution’s battery production.

Under the agreement, LG Energy Solution will supply battery scrap from its facility in Poland, while Derichebourg will provide end-of-life EV batteries collected from France and surrounding countries.

Through this joint venture, LG Energy Solution is accelerating the development of a closed-loop[1] resource circulation system in Europe. This aligns with the company’s goals to enhance raw material sourcing stability and strengthen its value chain competitiveness, while reinforcing Europe’s sustainable battery recycling ecosystem.

Considering the EU Battery Regulation, which mandates a minimum level of recycled content in batteries sold in Europe starting in 2031, this partnership will also effectively address upcoming regulatory requirements. In addition, the collaboration aims to support car manufacturers seeking to establish a closed-loop battery recycling system, further promoting a circular economy.

Derichebourg operates over 200 collecting sites in France and over 285 sites worldwide. LG Energy Solution and Derichebourg plan to deepen their strategic partnership and expand their joint efforts in the battery recycling business.

“This collaboration enables us to secure a stable and cost-competitive supply of recycled battery materials from the advanced processing of end-of-life batteries and battery scrap,” said Chang Beom Kang, CSO of LG Energy Solution. “This initiative will also significantly enhance the value we deliver to customers in the recycling sector.”

“This partnership fully supports our ambition to develop industrial solutions with a high environmental added value, while strengthening the local roots of our activities,” said Abderrahmane El Aoufir, CEO of Derichebourg.

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[1] Closed-loop system: Enables the recycling of used batteries and the reuse of recovered materials in new battery production.

About LG Energy Solution

LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 69,600 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

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Fintech Pulse: Your Daily Industry Brief – April 29, 2025 – Thunes, AI Agents, Railsr & Equals, Surfin, UK Fintech, Visa

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Good morning, Fintech insiders! Welcome to Fintech Pulse, your daily op-ed–style briefing on the stories shaping our industry. Today we cover six major developments—from blockbuster funding rounds to cutting-edge AI trends, high-profile mergers, and education initiatives—alongside incisive commentary to help you stay ahead of the curve.


1. Thunes Secures US$150 M Series D to Fuel U.S. Expansion

Key News
Cross-border payments innovator Thunes has closed a US$150 million Series D round led by Apis Partners and Vitruvian Partners, marking its largest ever capital raise. The Singapore-based fintech, which connects traditional banking rails to digital wallets in over 130 countries, will deploy the proceeds to expand its Direct Global Network and deepen its newly-licensed U.S. operations across all 50 states. CEO Floris de Kort highlighted Thunes’ US$150 million revenue run-rate and positive EBITDA as proof that rapid growth and financial discipline can go hand in hand.

Analysis & Opinion
Thunes’ ability to attract blue-chip growth capital underscores a broader investor appetite for cross-border payment platforms that tackle real-world inefficiencies. With remittance corridors booming and digital wallets proliferating, Thunes is well-positioned to capture market share in the U.S., where instant, low-cost transfers are still nascent. Yet, scaling a global network poses regulatory and compliance challenges; the true test will be executing seamless integrations with U.S. banks and digital wallets without sacrificing speed or reliability. If Thunes can replicate its international success domestically, it could trigger a new wave of consolidation among smaller regional players.

Source: FinTech Magazine


2. Forbes Spotlights AI Agents for Investment Research

Key News
In a thought-provoking piece, Forbes’ Jeff Kauflin identifies “AI agents” as fintech’s next frontier for deep investment research. Leading platforms—from trading app Robinhood to nimble NYC startups—are deploying autonomous AI agents that process vast datasets (SEC filings, earnings calls, macro reports) to generate actionable insights faster than human analysts. These agents can simulate investment theses, adjust portfolios in real time, and even draft regulatory filings.

Analysis & Opinion
The shift toward autonomous AI in asset management is inevitable, but it raises profound questions about accountability and transparency. While AI agents promise cost efficiencies and 24/7 research capabilities, financial firms must guard against overreliance on black-box models. Rigorous backtesting, explainable-AI frameworks, and human-in-the-loop oversight will be essential to mitigate model drift and guard against false signals—especially in volatile markets. Firms that navigate this balance effectively will gain an edge, but regulators are watching closely and may soon demand disclosures on algorithmic decision-making.

Source: Forbes


3. Railsr and Equals Merge in £283 M Deal to Forge Embedded Finance Powerhouse

Key News
UK-based Railsr (formerly Railsbank) has agreed to acquire Equals Group in an all-cash £283 million transaction, creating one of Europe’s largest embedded finance platforms. Under the terms, Equals shareholders will receive 140 pence per share (135 pence cash plus a 5 pence special dividend). The deal—expected to close in Q2 2025—brings together Railsr’s BaaS/CaaS capabilities (virtual cards, balance holding, open banking) with Equals’ strengths in cross-border payments (FairFX, CardOneMoney). Leadership teams from both firms, including Ian Strafford-Taylor (CEO, Equals) and Philippe Morel (CEO, Railsr), will spearhead the integration.

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Analysis & Opinion
This merger signals a coming era of embedded finance consolidation. By pooling resources, Railsr-Equals will offer end-to-end solutions—from issuing payment instruments to facilitating international transactions—under one roof. Cross-selling opportunities abound, but integration risks loom large: aligning technology stacks, unifying compliance frameworks, and retaining client trust will be critical. Success here could set a new M&A benchmark in embedded finance, prompting VCs and strategic investors to reevaluate other mid-market fintechs as future roll-up targets.

Source: FinTech Magazine


4. Singapore’s Surfin Meta Digital Technologies Nets US$26.5 M

Key News
Surfin Meta Digital Technologies, a Singapore-based fintech serving the underbanked, has closed US$26.5 million in a fresh round led by Insignia Ventures Partners, with participation from Woori Venture Partners, Washington University in St. Louis, and Phillip Private Equity. Founded by Dr Yanan Wu, Surfin’s platform spans consumer lending, payments, and wealth management services for emerging markets. Proceeds will fuel expansion into new geographies and bolster R&D for intelligent financial products.

Analysis & Opinion
Surfin’s focus on underserved segments taps a massive, often overlooked market. As interest in financial inclusion intensifies, platforms like Surfin that marry tailored lending with digital onboarding can leapfrog legacy institutions. Yet competition is heating up, with incumbents and neobanks eyeing similar demographics. Surfin must differentiate via superior credit-scoring algorithms and localized partnerships. The level of institutional investor support here suggests confidence in its unit economics—but execution will hinge on balancing rapid scale-up against credit risk management.

Source: FinSMEs


5. Inside the Rapid Rise of UK Fintech

Key News
The UK’s fintech workforce now exceeds 82,000, with projections to surpass 100,000 within two years—a testament to a sector that has thrived on regulatory support, talent density, and customer demand for digital services. From London-based challengers (Monzo, Starling) to BaaS platforms and insurtechs, the ecosystem has become a global benchmark.

Analysis & Opinion
The UK’s ability to cultivate fintech lies in its “sandboxes,” progressive open-banking mandates, and close ties between HM Treasury and the FCA. Yet Brexit uncertainties and visa restrictions pose lingering talent challenges. Firms must continue to advocate for flexible immigration policies and invest in domestic upskilling to sustain momentum. Moreover, the next phase will emphasize AI-driven personalization, regtech, and cross-sector collaborations (e.g., healthtech + fintech). The UK is at a crossroads: maintain its edge by adapting to emerging technologies, or risk ceding ground to agile hubs in Asia and North America.

Source: Yahoo Finance


6. University of Notre Dame and Visa Launch Fintech Foundations Program

Key News
The Meruelo Family Center for Career Development at the University of Notre Dame, in partnership with Visa, has introduced the inaugural Visa Fintech Foundations Program—a six-week immersive for undergraduates. Covering fundamentals of banking, digital currencies, decentralized finance, and industry career pathways, the pilot drew over 40 students within 48 hours of launch. Industry experts from Visa led weekly sessions, one-on-one consultations, and a capstone project. The program will run again in Fall 2025, with plans to expand to other universities.

Analysis & Opinion
As fintech reshapes finance, academia-industry alliances like this are vital to bridge the skills gap. Visa’s investment signals a recognition that tomorrow’s fintech leaders must understand both technology and regulatory nuances. Programs of this sort create a talent pipeline and foster brand affinity—benefitting both students and sponsors. The broader question: can similar models scale across disciplines (insurtech, regtech, wealthtech) and institutions? If so, we may see a new standard for fintech curricula, combining theory, practice, and peer networking.

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Source: University of Notre Dame

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