SnapTrade provides an API that enables fintech applications to sync and trade across over 20 retail brokerage accounts, allowing users to manage their investments without manual data entry. This integration facilitates real-time access to account balances, holdings, and transactions, enhancing user engagement and streamlining portfolio management.
Funding
$2.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many Muslim investors find it challenging to identify and monitor Shariah-compliant investment options, requiring extensive research to ensure alignment with Islamic principles. Existing investment platforms often lack the tools and information necessary to easily screen stocks, ETFs, and mutual funds for Shariah compliance. This makes it difficult for Muslim investors to build and maintain portfolios that adhere to their religious beliefs.
Solution
Zoya Finance provides a comprehensive platform that simplifies halal investing by offering tools to build and monitor Shariah-compliant investment portfolios. The platform allows users to connect existing brokerage accounts to track their holdings and access detailed Shariah compliance reports for over 30,000 global stocks. Zoya also features an ETF and mutual fund screener to filter underlying holdings based on their Shariah compliance status. Smart alerts notify users of any changes in Shariah compliance for their stocks, and a Zakat calculator helps determine and donate the required amount on investments.
Target Audience
Zoya Finance primarily targets Muslim investors seeking to build and manage Shariah-compliant investment portfolios, as well as socially conscious investors interested in ethical investing.
Features
- Shariah compliance reports for over 30,000 global stocks, updated based on financial reporting schedules and guided by Shariah advisors following AAOIFI standards
- ETF and mutual fund screener to filter underlying holdings based on Shariah compliance
- Portfolio tracker to sync existing brokerage accounts and monitor holdings
- Smart alerts for changes in Shariah compliance of tracked stocks
- Zakat calculator for investments
- Integration with existing brokers to execute trades within the app
- Non-custodial platform ensuring assets remain with the user's institution
- Access to a community of Muslim investors and educational resources