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MRHB DeFi expands Asia Presence with support from Sinofy Group

By Bit Media Buzz | Bit Media Buzz | 3 Dec 2021

Melbourne, Australia — The world’s first inclusive and ethical DeFi ecosystem platform MRHB DeFi announced that they received a strategic investment from Sinofy Group, a Shanghai headquartered management consulting firm. Sinofy supports revolutionary tech companies to help them gain prominence in the world's most digitally connected regions — China and Southeast Asia.

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 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.

The partnership will see the parties collaborating on Sinofy East European Division’s upcoming We_Challenge 2021 Hackathon in Ukraine. With a gathering of 1,500 participants, 50 global media partners, 20 IT communities and 10 strategic partners, the hackathon is gearing up to be one of the most anticipated developer conventions in the region.

MRHB DeFi will be coming on as an Official Sponsor at the event, with CTO Deniz Daikilic providing a keynote address as well as engaging in a panel discussion that includes CEO Naquib Mohammed and Head of Investments & Partnerships Amirsan Roberto.

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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